Aussie got one of the standing ovations. Forecast as of 05.01.2021

The AUDUSD rally should continue this year amid support from China and the commodity market. The major risk is Joe Biden’s attacks on China. However, I don’t think the US-China trade relations will worsen. Let us discuss the AUD outlook and make up an AUDUSD trading plan.

Quarterly Australian dollar fundamental forecast

The Australian dollar is trading up in early 2021, just like it was in late 2020. The tailwinds from China and the optimism in the commodity market allowed the AUDUSD bulls to push the price above the bottom figure 77, the level last seen in April 2018. Although… Read full author’s opinion and review in blog of #LiteForex