JinDao_Tai

AUD/USD Outlook (02 September 2021)

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is ranging across. Recently, AUD/USD broke the resistance zone of 0.73300.

The Australian GDP q/q data (Actual: 0.7%, Forecast: 0.6%, Previous: 1.9% revised from 1.8%) released yesterday indicated a higher than forecasted economic growth during the second quarter.

The Australian Retail Sales m/m data (Forecast: -1.9%, Previous: -2.7%) will be released tomorrow at 0930 (GMT+8).

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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