AUD/USD Outlook (26 August 2021)
Overall, AUD/USD is trending downwards. Recently, AUD/USD broke the resistance zone of 0.72200.
The Australian Retail Sales m/m data (Forecast: -2.6%, Previous: -1.8%) will be released tomorrow at 0930 (GMT+8).
Day 1 of the Jackson Hole Symposium will be held tomorrow. During this time, there may be volatility in AUD/USD.
AUD/USD’s next support zone is at 0.72200 and the next resistance zone is at 0.73300.
Look for short-term buying opportunities of AUD/USD.
The Australian Retail Sales m/m data (Forecast: -2.6%, Previous: -1.8%) will be released tomorrow at 0930 (GMT+8).
Day 1 of the Jackson Hole Symposium will be held tomorrow. During this time, there may be volatility in AUD/USD.
AUD/USD’s next support zone is at 0.72200 and the next resistance zone is at 0.73300.
Look for short-term buying opportunities of AUD/USD.