Overall, AUD/USD is trending downwards. Recently, AUD/USD broke the resistance zone of 0.72200.
Most Australian banks will be closed today in observance of Labor Day. Expect lower trading volatility and volume during the usual Australian market hours.
The Australian Retail Sales m/m data (Forecast: -1.7%, Previous: -1.7%) will be released tomorrow at 0830 (GMT+8).
Currently, AUD/USD is moving towards the key level of 0.73. Its next support zone is at 0.72200 and the next resistance zone is at 0.73300.
Look for short-term buying opportunities of AUD/USD.
Most Australian banks will be closed today in observance of Labor Day. Expect lower trading volatility and volume during the usual Australian market hours.
The Australian Retail Sales m/m data (Forecast: -1.7%, Previous: -1.7%) will be released tomorrow at 0830 (GMT+8).
Currently, AUD/USD is moving towards the key level of 0.73. Its next support zone is at 0.72200 and the next resistance zone is at 0.73300.
Look for short-term buying opportunities of AUD/USD.
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