JinDao_Tai

AUD/USD Outlook (30 September 2020)

FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is trending downwards. Recently, AUD/USD bounced off the resistance zone of 0.71700.

The Australian Building Approvals m/m data (Actual: -1.6%, Forecast: 0.1%, Previous: 12.2% revised from 12.0%) released earlier today indicated a decline in the number of issued building approvals.

AUD/USD’s next support zone is at 0.69800 and the next resistance zone is at 0.71700.
Look for selling opportunities of AUD/USD.

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