AUD/USD Outlook (29 March 2021)
Overall, AUD/USD is trending downwards. Recently, AUD/USD bounced off the support zone of 0.76000.
Last Friday, it was reported that China will be imposing anti-dumping tariffs of between 116.2% and 218.4% on Australian imported wine products with effect from 28 March. This resulted from China claiming that Australian wine has been selling under market value.
AUD/USD’s support zone is at 0.76000 and the next resistance zone is at 0.78000.
Look for selling opportunities of AUD/USD if it breaks the support zone of 0.76000.
Last Friday, it was reported that China will be imposing anti-dumping tariffs of between 116.2% and 218.4% on Australian imported wine products with effect from 28 March. This resulted from China claiming that Australian wine has been selling under market value.
AUD/USD’s support zone is at 0.76000 and the next resistance zone is at 0.78000.
Look for selling opportunities of AUD/USD if it breaks the support zone of 0.76000.