AUD/USD Outlook (26 February 2020)
Overall, AUD/USD is trending downwards. Recently, AUD/USD has been moving around the key level of 0.66.
AUD/USD’s next support level is at 0.63236 and the next resistance level is at 0.66800.
The Australian Private Capital Expenditure q/q data (Forecast: 0.5%, Previous: -0.2%) will be released tomorrow at 0830 (SGT).
If the released data is better than or as forecasted, AUD/USD may strengthen.
Stay out of AUD/USD for now.
AUD/USD’s next support level is at 0.63236 and the next resistance level is at 0.66800.
The Australian Private Capital Expenditure q/q data (Forecast: 0.5%, Previous: -0.2%) will be released tomorrow at 0830 (SGT).
If the released data is better than or as forecasted, AUD/USD may strengthen.
Stay out of AUD/USD for now.
Free trading community: discord.gg/kPDXU2ZaDt