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Overall, AUD/USD is trending upwards.
The Australian Building Approvals m/m data (Actual: -4.9%, Forecast: -2.0%, Previous: 15.8% revised from 16.4%) released earlier today indicated a decline in the number of approved dwellings.
Currently, AUD/USD is testing the resistance zone of 0.71800 and the next support zone is at 0.69800.
If AUD/USD breaks the resistance zone of 0.71800, look for short-term buying opportunities up until the release of the U.S. advance GDP data at 2030 ( SGT ).
The Australian Building Approvals m/m data (Actual: -4.9%, Forecast: -2.0%, Previous: 15.8% revised from 16.4%) released earlier today indicated a decline in the number of approved dwellings.
Currently, AUD/USD is testing the resistance zone of 0.71800 and the next support zone is at 0.69800.
If AUD/USD breaks the resistance zone of 0.71800, look for short-term buying opportunities up until the release of the U.S. advance GDP data at 2030 ( SGT ).
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🟡 FOREX TRADING EDUCATION: https://bit.ly/3lavbpS
🟢 FOREX NEWS: https://bit.ly/3fBL1c6
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🟣 FREE FOREX TRADE SIGNALS: https://bit.ly/3fzp4uk
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