Overall, AUD/USD is trending upwards. Recently, AUD/USD moved into the resistance zone of 0.71800.
The Australian CPI q/q data (Actual: -1.9%, Forecast: -2.0%, Previous: 0.3%) released earlier today indicated that inflation during the second quarter fell by 1.9%.
The Australian Building Approvals m/m data (Forecast: -2.0%, Previous: 16.4%) will be released tomorrow at 0930 (SGT).
Currently, AUD/USD is testing the resistance zone of 0.71800 and the next support zone is at 0.69800.
Look for short-term selling opportunities of AUD/USD up until the U.S. interest rate decision tomorrow at 0200 (SGT).
The Australian CPI q/q data (Actual: -1.9%, Forecast: -2.0%, Previous: 0.3%) released earlier today indicated that inflation during the second quarter fell by 1.9%.
The Australian Building Approvals m/m data (Forecast: -2.0%, Previous: 16.4%) will be released tomorrow at 0930 (SGT).
Currently, AUD/USD is testing the resistance zone of 0.71800 and the next support zone is at 0.69800.
Look for short-term selling opportunities of AUD/USD up until the U.S. interest rate decision tomorrow at 0200 (SGT).