Overall, AUD/USD is trending upwards. Recently, AUD/USD trended higher, breaking above the key level of 0.65.
The Australian CPI q/q data (Actual: 0.3%, Forecast: 0.2%, Previous: 0.7%) released earlier today was better than forecasted. As a result, AUD/USD strengthened slightly.
AUD/USD’s next support level is at 0.64200 and the next resistance level is at 0.66800.
Look for short-term buying opportunities of AUD/USD up until the U.S. FOMC at 0200 (SGT) tomorrow.
The Australian CPI q/q data (Actual: 0.3%, Forecast: 0.2%, Previous: 0.7%) released earlier today was better than forecasted. As a result, AUD/USD strengthened slightly.
AUD/USD’s next support level is at 0.64200 and the next resistance level is at 0.66800.
Look for short-term buying opportunities of AUD/USD up until the U.S. FOMC at 0200 (SGT) tomorrow.