AUD/USD Outlook (26 February 2021)
Overall, AUD/USD is trending upwards. Recently, AUD/USD weakened and bounced down from the key level of 0.80 as a result of the surge in treasury yields that led to the strengthening of the USD.
Currently, AUD/USD is moving towards the key level of 0.79. Its next support zone is at 0.77900 and the next resistance zone is at 0.80800.
Look for short-term selling opportunities of AUD/USD if it bounces down from the key level of 0.79.
Currently, AUD/USD is moving towards the key level of 0.79. Its next support zone is at 0.77900 and the next resistance zone is at 0.80800.
Look for short-term selling opportunities of AUD/USD if it bounces down from the key level of 0.79.