JinDao_Tai

AUD/USD Outlook (15 February 2021)

FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is ranging across.

The MI Inflation Expectations data (Actual: 3.7%, Forecast: NA, Previous: 3.4%) released last Thursday indicated an slight increase in expected inflation from the survey respondents.

The Reserve Bank of Australia will be releasing the minutes for the previous monetary policy meeting tomorrow at 0830 (SGT).

Currently, AUD/USD is moving towards the resistance zone of 0.77900 and the next support zone is at 0.76000.
Look for buying opportunities of AUD/USD if it breaks the resistance zone of 0.77900.

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