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AUD/USD Outlook (26 August 2020)

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#AUD/USD# AUD/USD Outlook (26 August 2020)

Overall, AUD/USD is ranging across. Recently, AUD/USD moved up into the key level of 0.72.

Currently, AUD/USD is testing to break above the key level of 0.72. Its next support zone is at 0.71000 and the next resistance zone is at 0.72500.
Look for buying opportunities of AUD/USD if it breaks above the key level of 0.72.

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Traders would be eyeing for cues in Powell's remarks concerning FED's projections for recovery.

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