AUD/USD Outlook (21 February 2022)
Overall, AUD/USD is ranging across. Recently, AUD/USD broke below the key level of 0.72.
The Australian flash PMI data released earlier today indicated a faster rate of expansion of the manufacturing sector. Also, the services sector has recovered from the previous contraction.
Flash Manufacturing PMI (Actual: 57.6, Forecast: NA, Previous: 55.1 revised from 55.3)
Flash Services PMI (Actual: 56.4, Forecast: NA, Previous: 46.6 revised from 45.0)
AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.73000.
Look for short-term selling opportunities of AUD/USD.
The Australian flash PMI data released earlier today indicated a faster rate of expansion of the manufacturing sector. Also, the services sector has recovered from the previous contraction.
Flash Manufacturing PMI (Actual: 57.6, Forecast: NA, Previous: 55.1 revised from 55.3)
Flash Services PMI (Actual: 56.4, Forecast: NA, Previous: 46.6 revised from 45.0)
AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.73000.
Look for short-term selling opportunities of AUD/USD.