2020-07-21 17:36
Market analysisAUD/USD Outlook (21 July 2020)
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Market analysis：
Overall, AUD/USD is trending upwards. Recently, AUD/USD bounced off the support zone of 0.69800, breaking above the key level of 0.70.
In the released minutes for the previous monetary policy meeting, the Reserve Bank of Australia (RBA) reiterated that negative interest rates in Australia “remain extraordinary unlikely”.
AUD/USD’s next support zone is at 0.69800 and the next resistance zone is at 0.71800.
Look for buying opportunities of AUD/USD.
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AUD/USD Outlook (21 July 2020)
Singapore | 2020-07-21 17:36Overall, AUD/USD is trending upwards. Recently, AUD/USD bounced off the support zone of 0.69800, breaking above the key level of 0.70.
In the released minutes for the previous monetary policy meeting, the Reserve Bank of Australia (RBA) reiterated that negative interest rates in Australia “remain extraordinary unlikely”.
AUD/USD’s next support zone is at 0.69800 and the next resistance zone is at 0.71800.
Look for buying opportunities of AUD/USD.
Forex
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