forex Positive Trading Signals for AUD/USD

[Anzo Lim 0]

https://www.wikifx.com/cn_en/

Australian dollar’s exchange rate against the US dollar further approaches the “fair value” , making it the most promising one among the G10 currencies in the upcoming few weeks. Short-term bond yield breaks through resistance and continues to climb, while Australia’s employment report in November was robust, adding to the domestic optimism towards economy.

 

Technically, AUD against USD looks quite positive and has broken through resistance level. Against the backdrop of thawing international trade and easing monetary policies of global central banks, investors’ risk-aversion is cooling; major stock indices in Europe and US, as well as most major indices on the Asia Pacific market, have gone up. All these factors have provided strong support for the Australian dollar.

 

 

AUD/USD daily pivot points 0.6895---0.6899

 

S1  0.6887             R2  0.6911

 

S2  0.6873             R2  0.6921

Edited December 23, 2019 by Anzo Lim

[bessiebeardsley 1]

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