JinDao_Tai

AUD/USD Outlook (23 September 2021)

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is ranging across.

The Australian flash PMI data released yesterday indicated a faster pace of expansion in the manufacturing sector in August while the services sector remains in contraction due to the recent lockdown restrictions.
  • Flash Manufacturing PMI (Actual: 57.3, Forecast: NA, Previous: 52.0 revised from 51.7)
  • Flash Services PMI (Actual: 44.9, Forecast: NA, Previous: 42.9 revised from 43.3)
Currently, AUD/USD is testing the support zone of 0.72200 and the next resistance zone is at 0.73300.
Look for short-term selling opportunities of AUD/USD if it breaks the support zone of 0.72200.

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