AUD/USD Outlook (22 October 2020)

Overall, AUD/USD is ranging across. Recently, AUD/USD broke above the key level of 0.71.

The Australian flash PMI data will be released tomorrow at 0700 (SGT).

• Flash Manufacturing PMI (Forecast: NA, Previous: 55.4 revised from 55.5)
  
• Flash Services PMI (Forecast: NA, Previous: 50.8 revised from 50.0)
  

AUD/USD’s next support zone is at 0.70400 and the next resistance zone is at 0.72200.
Look for buying opportunities of AUD/USD.