AUDUSD Chart Technical Outlook Bulls may push toward 0.6872 on optimism
The Australian Dollar benefits from the upbeat jobs report in the land down under – and as a risk currency riding higher with global stocks.
The Reserve Bank of Australia is set to leave interest rates unchanged in its decision tomorrow. The RBA’s relatively hawkish stance compared to the Fed is also a bullish factor for AUD/USD. The lack of significant Chinese stimulus weighs on the Aussie, but it is insufficient to counter the positive trends.
AUD/USD faces resistance at 0.6838, and it is followed by 0.6872. Support is at 0.6785, followed by 0.6732. The 50 and 200 4h-SMAs are pointing up.
