The AUD / USD shows a strong growth after the recent decline due to Brekzitom. It is worth noting that in Australia, the world's highest interest rate to the same stability of the economy as a leader. Support the national currency have growing expectations of new stimulus measures the economy of Japan.
Australian dollar as commodity currencies rose sharply against the background of a return to risk appetite in the market. The price rose in the downlink and reached its upper limit. On the 4-hour chart, the pair AUD / USD broke through the level of 0.7600. Resistance is located at 0.7700 and 0.7600 in the field of support.
Histogram MACD is in the positive zone and continued to grow, indicating that the power of buyers. At the moment, the RSI is near the overbought area, which also confirms the upward trend.
Moving averages (50, 100 and 200) are directed upwards on the 4-hour chart.
Forecast AUD / USD today
Buyers are required to break the mark 0.7700 to continue the upward movement. In this scenario the growth rate is Target 0.7800.
Based on materials from Fort Financial Services