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JinDao_Tai
Feb 19, 2020 3:21 AM

AUD/USD Outlook (19 February 2020) 

Australian Dollar/U.S. DollarFXCM

Description

Overall, AUD/USD is trending downwards. Recently, AUD/USD trended lower into the support level of 0.66800 after the release of the dovish monetary policy minutes.
The Australian employment data will be released tomorrow at 0830 (SGT).
  • Employment Change (Forecast: 10.0K, Previous: 28.9K)
  • Unemployment Rate (Forecast: 5.2%, Previous: 5.1%)

Currently, AUD/USD is bouncing off the support level of 0.66800 and the next resistance level is at 0.68500.
Stay out of AUD/USD for now. If the released employment data are poor, wait for the support level of 0.66800 to be broken before looking for selling opportunities of AUD/USD.
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