AUD/USD Outlook (21 October 2021)
Overall, AUD/USD is trending upwards. Recently, AUD/USD trended into the resistance zone of 0.75000.
Reserve Bank of Australia’s Governor Lowe will be speaking tomorrow at 0300 (GMT+8). During this time, there may be volatility in AUD.
The Australian flash PMI data will be released tomorrow at 0600 (GMT+8).
Currently, AUD/USD is testing the resistance zone of 0.75000 and the next support zone is at 0.73300.
Look for buying opportunities of AUD/USD if it breaks the resistance zone of 0.75000.
Reserve Bank of Australia’s Governor Lowe will be speaking tomorrow at 0300 (GMT+8). During this time, there may be volatility in AUD.
The Australian flash PMI data will be released tomorrow at 0600 (GMT+8).
- Flash Manufacturing PMI (Forecast: NA, Previous: 56.8 revised from 57.3)
- Flash Services PMI (Forecast: NA, Previous: 45.5 revised from 44.9)
Currently, AUD/USD is testing the resistance zone of 0.75000 and the next support zone is at 0.73300.
Look for buying opportunities of AUD/USD if it breaks the resistance zone of 0.75000.