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JinDao_Tai
Jan 25, 2022 12:05 AM

AUD/USD Outlook (25 January 2022) Short

Australian Dollar/U.S. DollarFXCM

Description

Overall, AUD/USD is ranging across. Recently, AUD/USD bounced off the support zone of 0.71000.

The Australian CPI q/q data (Forecast: TBA, Previous: 0.8%) will be released later at 0830 (GMT+8).

Australian banks will be closed tomorrow in observance of Australia Day. Expect lower trading volatility and volume during the usual Australian market hours.

AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.73000.
Look for short-term selling opportunities of AUD/USD.
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