AUD/USD crosses $0.738 for the first time in over 1.5 years

BrozBot was able to earn 77 Pips with a BUY Order of Australian Dollar against the American.

All this without manual intervention. We use 100% technical chart patterns to identify PULLBACKS in newly established trend, overbought/oversold conditions, and double-tops/bottoms to determine Buys and Sells.

The Aussie dollar continues to forge higher, setting a new benchmark at 73.8 US cents – the highest for the AUD/USD pair since December 2018.

Having rebounded from record lows of 55 cents in March, all the way to pushing past 70 cents in early June, the Aussie dollar is going from strength to strength against the falling USD.

With virus-led pessimism weighing heavily on the US dollar, Australia looks for green shoots of optimism as cases show signs of slowing in the domestic epicentre, giving hope for easing of lockdown restrictions.