AUDUSD prices have opened the day long and ar pusshing towards the multi-month high 0.7640.
CURRENT EVENTS:
Sydney raises emergency levels amid the second wave of the virus. In the USA, Colorado’s finds the first case of the covid variant found by the UK.
LOOKING FOWARD:
US stimulus and the virus news will be the key ahead of the US session when the second-tier activity and housing data will challenge the sentiment. If the DXY continues to print lower, AUD/USD is up for challenging the June 2018 top near 0.7675.
TODAY RESISTANCE:
Very simple targets calculated by the indicator from the current intraday price range.
Target 1 - 0.7637
Target 2 - 0.76508