27.07.2020
The pair is supported by China’s economic growth after the winter’s strongest pandemic-induced shock. The global weakness of the US dollar following the massive stimulus measures, as well as the recovering business activity in China, will support the Australian dollar.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and is growing. Stoch are also growing.
AUDUSD rate online: monitor the price movement in real time.
Trading recommendations:
If the pair holds above 0.7120, it will proceed to 0.7200.
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