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AUD/USD Outlook (17 August 2020)

FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is trending upwards.

The Reserve Bank of Australia will be releasing the minutes for the recent monetary policy meeting tomorrow at 0930 (SGT).

Currently, AUD/USD is moving towards the key level of 0.72. Its next support zone is at 0.71000 and the next resistance zone is at 0.72200.
Look for short-term selling opportunities of AUD/USD if it bounces off the key level of 0.72.

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