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AUD/USD Outlook (4th September 2019)

FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is ranging across. Recently, AUD/USD’s downtrend started to change direction due to weakness in the U.S. dollar caused by the contraction of the U.S. manufacturing industry.

This morning, the Australian GDP data released was as forecasted.
  • GDP q/q (Actual: 0.5%, Forecast: 0.5%, Previous: 0.5% revised from 0.4%)

AUD/USD’s next support level is at 0.67000 and the next resistance level is at 0.68800.

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