AUD/USD Outlook (07 August 2020)
Overall, AUD/USD is trending upwards.
Earlier today, the Reserve Bank of Australia released the minutes of the recent monetary policy meeting, highlighting that adopting negative interest rates is extraordinary unlikely in Australia.
Currently, AUD/USD is bouncing off the resistance zone of 0.72200 and the next support zone is at 0.69800.
Look for short-term selling opportunities of AUD/USD up until the release of the U.S. jobs report at 2030 (SGT).
Earlier today, the Reserve Bank of Australia released the minutes of the recent monetary policy meeting, highlighting that adopting negative interest rates is extraordinary unlikely in Australia.
Currently, AUD/USD is bouncing off the resistance zone of 0.72200 and the next support zone is at 0.69800.
Look for short-term selling opportunities of AUD/USD up until the release of the U.S. jobs report at 2030 (SGT).