Overall, AUD/USD is ranging across. Recently, AUD/USD bounced off the support zone of 0.76000.
The Reserve Bank of Australia (RBA) will be announcing their monetary policy decision later at 1130 (SGT). It is expected that the central bank will be holding monetary policy unchanged.
The Building Approvals m/m (Forecast: 2.5%, Previous: 2.6%) will be released tomorrow at 0830 (SGT).
RBA Governor Lowe will be speaking at the National Press Club of Australia Conference tomorrow at 0930 (SGT). During this time, there may be volatility in AUD.
AUD/USD’s next support zone is at 0.76000 and the next resistance zone is at 0.77900.
If the RBA expressed signs of dovishness due to the recent lockdown that was imposed in Perth yesterday, look for selling opportunities of AUD/USD.
The Reserve Bank of Australia (RBA) will be announcing their monetary policy decision later at 1130 (SGT). It is expected that the central bank will be holding monetary policy unchanged.
The Building Approvals m/m (Forecast: 2.5%, Previous: 2.6%) will be released tomorrow at 0830 (SGT).
RBA Governor Lowe will be speaking at the National Press Club of Australia Conference tomorrow at 0930 (SGT). During this time, there may be volatility in AUD.
AUD/USD’s next support zone is at 0.76000 and the next resistance zone is at 0.77900.
If the RBA expressed signs of dovishness due to the recent lockdown that was imposed in Perth yesterday, look for selling opportunities of AUD/USD.