AUD/USD Outlook (11 August 2021)
Overall, AUD/USD is trending downwards.
The Australian NAB Business Confidence data (Actual: -8, Forecast: NA, Previous: 11) released yesterday indicated a decline in business sentiment in July due to the outbreak of the Delta variant COVID cases.
The Australian Westpac Consumer Sentiment data (Actual: -4.7%, Forecast: NA, Previous: 1.5%) released earlier today reflected a decline in sentiment in July due to the recent outbreak in the Delta variant of COVID.
Currently, AUD/USD is testing the support zone of 0.73300 and the next resistance zone is at 0.75000.
Look for short-term selling opportunities of AUD/USD if it breaks the support zone of 0.73300.
The Australian NAB Business Confidence data (Actual: -8, Forecast: NA, Previous: 11) released yesterday indicated a decline in business sentiment in July due to the outbreak of the Delta variant COVID cases.
The Australian Westpac Consumer Sentiment data (Actual: -4.7%, Forecast: NA, Previous: 1.5%) released earlier today reflected a decline in sentiment in July due to the recent outbreak in the Delta variant of COVID.
Currently, AUD/USD is testing the support zone of 0.73300 and the next resistance zone is at 0.75000.
Look for short-term selling opportunities of AUD/USD if it breaks the support zone of 0.73300.
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