AUD/USD Asia Price Forecast: Aussie nearing the 2020 highs vs. US dollar

 

 

AUD/USD keeps rising and nearing 2020 highs as the USD selloff stays intact. The aussie is trading just below the 0.6990 resistance while above the main SMAs as the overall bullish bias prevails. However, the spot will need to overcome the 0.6990 level for a possible run towards the 0.7183 resistance levels. On the flip side of the coin, a turn lower could find initial support near the 0.6834 and 0.6749 levels.