AUD/USD Weak USD Might Boost the AUD

Published: Jul 29, 2021, 09:39 UTC•1min read

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

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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.

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Cheers and safe trading,

Nenad

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