AUD/USD Outlook (23 April 2021)

Overall, AUD/USD is trending upwards. Recently, AUD/USD bounced up from the key level of 0.77.

The Australian flash PMI data released earlier today indicated an increase in the pace of expansion in business activities this month.

• Flash Manufacturing PMI (Actual: 59.6, Forecast: NA, Previous: 56.8 revised from 57.0)
  
• Flash Services PMI (Actual: 58.6, Forecast: NA, Previous: 55.5 revised from 56.2)
  

Australian banks will be closed next Monday in observance of Anzac Day. Expect lower trading volume and volatility during the usual Australian market session.

AUD/USD’s next support zone is at 0.75500 and the next resistance zone is at 0.78000.
Look for short-term buying opportunities of AUD/USD.