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AUD/USD Outlook (12 August 2020)

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
JinDao_Tai  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Forex macro technical trend AUDUSD
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trendanalysis forex macro technical trend audusd
Overall, AUD/USD is trending upwards.

The Australian employment data will be released tomorrow at 0930 (SGT).
  • Employment Change (Forecast: 30.0K, Previous: 210.8K)
  • Unemployment Rate (Forecast: 7.8%, Previous: 7.4%)
Currently, AUD/USD is testing the support zone of 0.71000 and the next resistance zone is at 0.72200.
Look for selling opportunities of AUD/USD if it breaks the support zone of 0.71000.
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