JinDao_Tai

AUD/USD Outlook (10 August 2021)

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is trending downwards.

The Australian NAB Business Confidence data (Forecast: NA, Previous: 11) will be released later at 0930 (GMT+8).

The Australian Westpac Consumer Sentiment data (Forecast: NA, Previous: 1.5%) will be released tomorrow at 0830 (GMT+8).

Currently, AUD/USD is testing the support zone of 0.73300 and the next resistance zone is at 0.75000.
Look for selling opportunities of AUD/USD if it breaks the support zone of 0.73300.

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