AUD/USD Outlook (19 November 2020)

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

The Australian employment data released earlier today indicated a strong increase in employment in October while unemployment rate inched slightly higher.

• Employment Change (Actual: 178.8K, Forecast: -26.7K, Previous: -42.5K revised from -29.5K)
  
• Unemployment Rate (Actual: 7.0%, Forecast: 7.1%, Previous: 6.9%)
  

Currently, AUD/USD is testing to break below the key level of 0.73. Its next support zone is at 0.72200 and the next resistance zone is at 0.73900.
Look for buying opportunities of AUD/USD if it bounces up from the key level of 0.73.