Overall, AUD/USD is trending upwards. Recently, AUD/USD bounced up from the key level of 0.77.
The Reserve Bank of Australia (RBA) held monetary policy unchanged during their meeting yesterday. The central bank revised their growth forecast for 2021 upwards while revising down their forecast for unemployment rate. The RBA also mentioned that they will decide on whether to proceed with a third round of bonds buying during their July meeting.
The Australian Building Approvals m/m data (Actual: 17.4%, Forecast: 2.9%, Previous: 21.6%) released earlier today indicated a slight slowdown in the increase of the number of building permits issued.
AUD/USD’s next support zone is at 0.75500 and the next resistance zone is at 0.78000.
Look for buying opportunities of AUD/USD.
The Reserve Bank of Australia (RBA) held monetary policy unchanged during their meeting yesterday. The central bank revised their growth forecast for 2021 upwards while revising down their forecast for unemployment rate. The RBA also mentioned that they will decide on whether to proceed with a third round of bonds buying during their July meeting.
The Australian Building Approvals m/m data (Actual: 17.4%, Forecast: 2.9%, Previous: 21.6%) released earlier today indicated a slight slowdown in the increase of the number of building permits issued.
AUD/USD’s next support zone is at 0.75500 and the next resistance zone is at 0.78000.
Look for buying opportunities of AUD/USD.