Continued demand for the Australian dollar
Personal analysis:
The AUD/USD price has stalled in the long-term bearish channel on the daily time frame at the 0.62709 support area and bounced back to the 0.65256 resistance. After the correction, it has started its upward trend again
Process:
If the price returns from the support of 0.64519, the upward trend will be on a short-term and long-term basis.
Support and resistance:
The nearest resistance area is $0.65256. The nearest support area is $0.64519.
Economic calendar:
AUD
RBA Gov Bullock Speaks
AUD
Monetary Policy Meeting Minutes
USD
FOMC Meeting Minutes
The AUD/USD price has stalled in the long-term bearish channel on the daily time frame at the 0.62709 support area and bounced back to the 0.65256 resistance. After the correction, it has started its upward trend again
Process:
If the price returns from the support of 0.64519, the upward trend will be on a short-term and long-term basis.
Support and resistance:
The nearest resistance area is $0.65256. The nearest support area is $0.64519.
Economic calendar:
AUD
RBA Gov Bullock Speaks
AUD
Monetary Policy Meeting Minutes
USD
FOMC Meeting Minutes