AUD/USD Outlook (12 November 2019)
Overall, AUD/USD has been trending upwards. Recently, AUD/USD trended lower.
The Australian wage price index q/q data (Forecast: 0.5%, Previous: 0.6%) will be released tomorrow at 0830 (SGT).
If the released data is worse than or as forecasted, the Australian dollar may weaken.
Look for selling opportunities of the AUD/USD.
AUD/USD‘s next support level is at 0.67000 and the next resistance level is at 0.68800.
The Australian wage price index q/q data (Forecast: 0.5%, Previous: 0.6%) will be released tomorrow at 0830 (SGT).
If the released data is worse than or as forecasted, the Australian dollar may weaken.
Look for selling opportunities of the AUD/USD.
AUD/USD‘s next support level is at 0.67000 and the next resistance level is at 0.68800.
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