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AUD/USD Outlook (12 May 2021)

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
JinDao_Tai  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Forex macro technical trend AUDUSD
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trendanalysis forex macro technical trend audusd
Overall, AUD/USD is trending upwards.

The Australian Melbourne Institute Inflation Expectation data (Forecast: NA, Previous: 3.2%) will be released tomorrow at 0900 (SGT).

Currently, AUD/USD is moving towards the support zone of 0.78000 and the next resistance zone is at 0.80000.
Look for buying opportunities of AUD/USD if it bounces off the support zone of 0.78000.
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