Overall, AUD/USD is trending downwards. Recently, AUD/USD bounced off the support zone of 0.73300.
The Australian CPI q/q data (Actual: 0.8%, Forecast: 0.7%, Previous: 0.6%) released yesterday indicated continued rise in inflation during the second quarter driven by fuel prices.
Yesterday, it was reported that COVID lockdown in Sydney will be extended for 4 weeks through 28 August.
AUD/USD’s next support zone is at 0.73300 and the next resistance zone is at 0.75000.
Look for short-term buying opportunities of AUD/USD.
The Australian CPI q/q data (Actual: 0.8%, Forecast: 0.7%, Previous: 0.6%) released yesterday indicated continued rise in inflation during the second quarter driven by fuel prices.
Yesterday, it was reported that COVID lockdown in Sydney will be extended for 4 weeks through 28 August.
AUD/USD’s next support zone is at 0.73300 and the next resistance zone is at 0.75000.
Look for short-term buying opportunities of AUD/USD.
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