Overall, AUD/USD is trending upwards. Recently, AUD/USD moved lower into the support level of 0.64200.
The Australian CPI q/q data (Forecast: 0.2%, Previous: 0.7%) will be released tomorrow at 0930 (SGT).
If the released data is worse than or as forecasted, AUD/USD may weaken.
Currently, AUD/USD is testing the support level of 0.64200 and the next resistance level is at 0.66800.
Look for short-term buying opportunities of AUD/USD if it fails to break the support level of 0.64200 before the release of the CPI data.
The Australian CPI q/q data (Forecast: 0.2%, Previous: 0.7%) will be released tomorrow at 0930 (SGT).
If the released data is worse than or as forecasted, AUD/USD may weaken.
Currently, AUD/USD is testing the support level of 0.64200 and the next resistance level is at 0.66800.
Look for short-term buying opportunities of AUD/USD if it fails to break the support level of 0.64200 before the release of the CPI data.