Overall, AUD/USD is trending upwards. Recently, AUD/USD bounced down from the key level of 0.78.
The Australian Retail Sales m/m data (Actual: 7.1%, Forecast: NA, Previous: 7.0%) released earlier today indicated a slight increase in consumer spending in November.
Currently, AUD/USD is testing the support zone of 0.76800 and the next resistance zone is at 0.79100.
Look for short-term selling opportunities of AUD/USD if it breaks the support zone of 0.76800.
The Australian Retail Sales m/m data (Actual: 7.1%, Forecast: NA, Previous: 7.0%) released earlier today indicated a slight increase in consumer spending in November.
Currently, AUD/USD is testing the support zone of 0.76800 and the next resistance zone is at 0.79100.
Look for short-term selling opportunities of AUD/USD if it breaks the support zone of 0.76800.
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