(DAILY NOTION) AUD/USD - Australian Dollar Gains Some Ground Against U.S. Dollar, Next Mover: U.S. Stimulus Package

Illustration photo of AUD/USD daily chart from Tradingview

The AUD/USD is currently trading at 0.7600 and trying to get back above the resistance level at 0.7600. As there is no major economic news or data, U.S. stimulus will play a key headline with influence on the U.S. dollar price. This along with market risk sentiment, which might further contribute to providing some short-term trading opportunities around the AUD/USD pair.

The Stochastic RSI indicator touched the oversold area and it is possible to gain additional upward momentum in the short-term in case the right catalysts emerge.

As reported by Vladimir Zernov, He pointed out that AUD/USD will move toward the next resistance level of 0.7675 if AUD/USD manages to settle above the resistance level at 0.7635. Besides that, AUD/USD will move to the next resistance level at 0.7700 if it move above the resistance level at 0.7675.

On the support side, He pointed out that AUD/USD will move toward the next support level at 0.7564 if it declines below the support at 0.7575.

FOLLOWME AUD/USD Overall Sentiment (As of 05:47 p.m., Dec 29, 2020),

Short - 39.75%

Long - 60.25%

For information please refer to Vladimir Zernov.