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AUD/USD first post...

AUD/USD first post...

First post on AUD/USD on our page... hopefully a profitable one...

The Aussie and Kiwi are outpacing G10 peers, with the former probing resistance around 0.7250 vs its US counterpart in wake of Q2 Capex data showing a less steep decline than anticipated, while Aud/Usd is also deriving more upward momentum from the ongoing incremental strength in the YUAN that is now testing 6.8700 against the Greenback. Meanwhile, Nzd/Usd is eyeing 0.6650 next having established a firmer base above 0.6600 and gleaning some support from latest reports on the COVID-19 situation in Auckland as NZ’s Health Minister states that the outbreak is now relatively contained.

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from Trading Ideas
via gqrds

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