JinDao_Tai

AUD/USD Outlook (07 January 2021)

FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is trending upwards. Recently, AUD/USD trended into the key level of 0.78.

The Australian Building Approvals m/m data (Actual: 2.6%, Forecast: 1.9%, Previous: 3.3% revised from 3.8%) released earlier today indicated a slowdown in the number of building permits issued by the Australian government.

Currently, AUD/USD is hovering around the key level of 0.78. Its next support zone is at 0.76800 and the next resistance zone is at 0.79100.
Look for buying opportunities of AUD/USD if it breaks above the key level of 0.78.

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