News and Market Analysis

AUD/USD Bulls eye out 0.7200

The AUD/USD is holding strong looking to break resistance at 0.7200. The US dollar is holding onto better than expected Non-Farm Payroll figures on Friday as well as escalating Sino-American tensions. The focus for the Dollar remains on fiscal stimulus talks and Gold correcting.

AUD/USD technical levels

For the Bulls. Consider resistance to be tested at 0.7200 with a break beyond this to 0.7244.

For the Bears. Consider looking at a target of 0.7150, it’s current support level. A break below this may see it fall to 0.7124.