AUD/USD Outlook (20 November 2020)

Overall, AUD/USD is trending upwards. Recently, AUD/USD broke below the key level of 0.73.

G20 meetings will be carried out over the weekend.

The Australian flash PMI data will be released next Monday at 0600 (SGT).

• Flash Manufacturing PMI (Forecast: NA, Previous: 54.2)
  
• Flash Services PMI (Forecast: NA, Previous: 53.7 revised from 53.8)
  

AUD/USD’s next support zone is at 0.72200 and the next resistance zone is at 0.73900.
Look for buying opportunities of AUD/USD.