JinDao_Tai

AUD/USD Outlook (10 March 2021)

FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is ranging across. Recently, AUD/USD bounced off the support zone of 0.76000.

Earlier today, Reserve Bank of Australia Governor Philip Lowe highlighted in a speech that inflation in Australia has increased recently and is very confident that the policy measures are working.

The Australian Westpac Consumer Sentiment data (Actual: 2.6%, Forecast: NA, Previous: 1.9%) released earlier today indicated an increase in the level of confidence of surveyed consumers on the Australian economy.

AUD/USD’s next support zone is at 0.76000 and the next resistance zone is at 0.77900.
Look for selling opportunities of AUD/USD.

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