Overall, AUD/USD is trending downwards. Recently, AUD/USD bounced off the support zone of 0.73300.
The Australian flash PMI data released earlier today indicated a return to the contraction level of the services sector while the manufacturing sector slowed in June due to the renewed COVID restrictions caused by the spread of Delta variant.
Currently, AUD/USD is testing to break above the key level of 0.74. Its next support zone is at 0.73300 and the next resistance zone is at 0.75000.
Look for short-term selling opportunities of AUD/USD if it bounces down from the key level of 0.74.
The Australian flash PMI data released earlier today indicated a return to the contraction level of the services sector while the manufacturing sector slowed in June due to the renewed COVID restrictions caused by the spread of Delta variant.
- Flash Manufacturing PMI (Actual: 56.8, Forecast: NA, Previous: 58.6 revised from 58.4)
- Flash Services PMI (Actual: 44.2, Forecast: NA, Previous: 56.8 revised from 56.0)
Currently, AUD/USD is testing to break above the key level of 0.74. Its next support zone is at 0.73300 and the next resistance zone is at 0.75000.
Look for short-term selling opportunities of AUD/USD if it bounces down from the key level of 0.74.
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