JinDao_Tai

AUD/USD Outlook (16 August 2021)

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is trending downwards. Recently, AUD/USD bounced off the support zone of 0.73300 due to the weakening of USD after the release of the poor Preliminary UoM Consumer Sentiment data.

The Reserve Bank of Australia will be releasing the minutes for the previous monetary policy meeting tomorrow at 0930 (GMT+8).

AUD/USD’s next support zone is at 0.73300 and the next resistance zone is at 0.75000.
Look for short-term buying opportunities of AUD/USD.

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