AUD/USD Forecast: Poised to challenge the year high amid a better market mood

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Nederland Laatste Nieuws,Nederland Headlines

Aussie bullish momentum remains strong as the pair approaches 0.7313 AUD AUDUSD $AUD $AUDUSD

s Domestic Product, which came in at 3.4% QoQ, better than the 3% expected. The annual reading jumped to 4.2% from a revised 4% in the previous quarter.

The near term picture also favors the upside, as the pair met buyers on a test of a firmly bullish 20 SMA. The Momentum indicator has lost its bullish strength within positive levels, while the RSI indicator heads firmly higher around 65, reflecting bulls’ determination.View Live Chart for the AUD/USD

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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Nederland Laatste Nieuws, Nederland Headlines