AudUsd outlook

29 Apr 2020

Undoubtedly, AudUsd was the undisputed star of this correction. After falling to a low of 0.55 with its US dollar counterpart, Aud recovers and recovers as if is on steroids. Now the pair is trading above 0.65 and I expect this uptrend to end soon and at least a correction to follow. 0.66-0.67 is a strong resistance area and a drop to 0.62 will follow sooner or later