JinDao_Tai

AUD/USD Outlook (22 September 2021)

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is ranging across.

RBA Assistant Governor Bullock will be speaking later at 1000 (GMT+8). During this time, there may be volatility in AUD.

The Australian flash PMI data will be released tomorrow at 0700 (GMT+8).
  • Flash Manufacturing PMI (Forecast: NA, Previous: 52.0 revised from 51.7)
  • Flash Services PMI (Forecast: NA, Previous: 42.9 revised from 43.3)

Currently, AUD/USD is testing the support zone of 0.72200 and the next resistance zone is at 0.73300.
If AUD/USD breaks the support zone of 0.72200, look for short-term selling opportunities of AUD/USD up until the U.S. FOMC monetary policy decision announcement tomorrow at 0200 (GMT+8).

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