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AUD/USD Outlook (3rd September)

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
JinDao_Tai  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Forex macro technical trend AUDUSD
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trendanalysis forex macro technical trend audusd
Overall, AUD/USD is ranging across. Recently, AUD/USD has started trending downwards. This morning, AUD/USD rejected the support level of 0.6700.

Earlier today, the RBA leaves interest rate unchanged at 1.00%.

The Australian GDP data will be released tomorrow morning at 0930 (SGT).
  • GDP q/q (Forecast: 0.5%, Previous: 0.4%)
If the released data is better than or as forecasted, the Australian dollar may strengthen.

AUD/USD’s next support level is at 0.67000 and the next resistance level is at 0.68800.
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