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AUD/USD Weak USD Might Boost the AUD

By:

Nenad Kerkez

Published: Jul 29, 2021, 09:39 GMT+00:00

The AUD/USD is going up as the USD weakened after the FED meeting yesterday. Technically its the zone where buyers are.

0.7344-0.7420 is the zone where we see buyers. If the price makes a continuational move towards 0.7575 we should see a stronger momentum up. For bulls the most important is to have a close above 0.7411. That should make the new buyers join and lead the price higher towards the next level.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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