AUD/USD Outlook (03 July 2020)
Overall, AUD/USD is ranging across. Recently, AUD/USD tested but failed to break below the key level of 0.69.
The Australian Retail Sales m/m data (Actual: 16.9%, Forecast: 16.3%, Previous: 16.3%) released earlier today indicated an increase in consumer spending in May.
AUD/USD’s next support zone is at 0.68200 and the next resistance zone is at 0.70000.
With the positive U.S. jobs report, look for selling opportunities of AUD/USD.
The Australian Retail Sales m/m data (Actual: 16.9%, Forecast: 16.3%, Previous: 16.3%) released earlier today indicated an increase in consumer spending in May.
AUD/USD’s next support zone is at 0.68200 and the next resistance zone is at 0.70000.
With the positive U.S. jobs report, look for selling opportunities of AUD/USD.