JinDao_Tai

AUD/USD Outlook (21 October 2021)

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is trending upwards. Recently, AUD/USD trended into the resistance zone of 0.75000.

Reserve Bank of Australia’s Governor Lowe will be speaking tomorrow at 0300 (GMT+8). During this time, there may be volatility in AUD.

The Australian flash PMI data will be released tomorrow at 0600 (GMT+8).
  • Flash Manufacturing PMI (Forecast: NA, Previous: 56.8 revised from 57.3)
  • Flash Services PMI (Forecast: NA, Previous: 45.5 revised from 44.9)

Currently, AUD/USD is testing the resistance zone of 0.75000 and the next support zone is at 0.73300.
Look for buying opportunities of AUD/USD if it breaks the resistance zone of 0.75000.

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