Whether Bullish U.S. Stocks Edge AUD/USD Up or Down?

WikiFX News (7 Aug) - On Tuesday, U.S. stock markets closed higher again, extending sentimental buoyancy to todays Asian trading session and lifting growth-oriented AUD and NZD coupled with stock markets across Asia and Pacific.

RBA is about to release the Statement on Monetary Policy today following the rate decision on August 4, which will thrust AUD into the spotlight. Since mid-March, AUD/USD has soared 25% and broken multiple layers of resistances along its ascent.

Despite the fact that AUD/USD has penetrated over 0.7206 earlier, negative RSI (Relative Strength Index) divergence indicates the eased upside momentum in the face of key resistance.

The next few days may be vital for AUD/USD, determining whether it will keep climbing or retreat under key resistance.

All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App: bit.ly/WIKIFX

You can also find us here-

Vietnam: www.facebook.com/wikifx.vn

Thailand: www.facebook.com/wikifx.th

Indonesia: www.facebook.com/wikifx.id

South Asia: www.facebook.com/wikifxglobal

Italy: www.facebook.com/wikifx.it

Japan: www.facebook.com/wikifx.jp

India: www.facebook.com/wikifx.in

Pakistan: www.facebook.com/wikifx.pk

Arabian countries: www.facebook.com/wikifx.arab

Russian countries: www.facebook.com/wikifx.russian

French countries: www.facebook.com/wikifx.French

Western Pacific area: www.facebook.com/wikifx.westernpacific