AUD/USD keeps a potential for growth

The AUD/USD pair continues to trade with a strengthening on the overall risk reduction around the US and China trade confrontation and the weakness of the American dollat. The limiting factor is the technical overbought of the pair.

Deals for buy of AUD/USD should be considered on breaking through the zone of 0.7200-0.7170, which will indicate the movement of the pair to the resistance levels of 0.7260 and 0.7290. Support is located at the levels: 0.7150 and 0.7120.

Read also: “Australia: the state of the economy and the prospects for raising the interest rate of the RBA”

Hanzenko Anton

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