AUD/USD Outlook (20 July 2020)
Overall, AUD/USD is trending upwards. Recently, AUD/USD bounced down from the key level of 0.70.
The Reserve Bank of Australia (RBA) will be releasing the minutes for the previous monetary policy meeting tomorrow at 0930 (SGT).
RBA Governor Lowe will be delivering a speech tomorrow at 1030 (SGT). During this time, there may be volatility in AUD.
Currently, AUD/USD is testing the support zone of 0.69800 and the next resistance zone is at 0.71800.
Look for short-term buying opportunities of AUD/USD if it bounces off the support zone of 0.69800.
The Reserve Bank of Australia (RBA) will be releasing the minutes for the previous monetary policy meeting tomorrow at 0930 (SGT).
RBA Governor Lowe will be delivering a speech tomorrow at 1030 (SGT). During this time, there may be volatility in AUD.
Currently, AUD/USD is testing the support zone of 0.69800 and the next resistance zone is at 0.71800.
Look for short-term buying opportunities of AUD/USD if it bounces off the support zone of 0.69800.