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AUD/USD Outlook (04 March 2022)

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
JinDao_Tai  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Forex macro technical trend AUDUSD Contains image
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trendanalysis forex macro technical trend audusd containsimage
Overall, AUD/USD is trending upwards.

Also, the Australian Building Approvals m/m data (Forecast: -2.9%, Previous: 8.2%) will be released later at 0830 (GMT+8).

Currently, AUD/USD is testing the resistance zone of 0.73000 and the next support zone is at 0.71000.
Look for short-term selling opportunities of AUD/USD if it rejects the resistance zone of 0.73000.
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