AUD/USD Outlook (14 August 2020)
Overall, AUD/USD is trending upwards.
Earlier today during his testification, Reserve Bank of Australia Governor Philip Lowe commented that the Australian dollar is broadly fairly valued although he would like it to be lower so as to boost job growth.
AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.72200.
Look for short-term selling opportunities of AUD/USD.
Earlier today during his testification, Reserve Bank of Australia Governor Philip Lowe commented that the Australian dollar is broadly fairly valued although he would like it to be lower so as to boost job growth.
AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.72200.
Look for short-term selling opportunities of AUD/USD.