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Australian Dollar Outlook: AUD/USD Rates Eyeing 2019 High – DailyFX
The Australian Dollar could be on the verge of a major breakout against the US Dollar as AUD/USD rates eye a close above pivotal chart resistance.
Australian Dollar Technical Forecast, AUD/USD Exchange Rate Talking Points:
- The AUD/USD exchange rate poised to extend gains as RSI divergence signals impending cyclical upturn.
- Break of long-term trend resistance may ignite buying pressure.
AUD Technical Forecast: Bullish
The Australian Dollar could be on the verge of a major breakout against the US Dollar, potentially building on its relentless 31% surge from the March low (0.5506) to fresh yearly highs.
AUD/USD Mo…
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