AUD/USD Outlook (02 December 2021)
Overall, AUD/USD is trending downwards.
The Australian Retail Sales m/m data (Actual: 4.9%, Forecast: 4.9%, Previous: 4.9%) released earlier today indicated that consumer spending rise at the same pace as previous data release.
Currently, AUD/USD is testing the support zone of 0.71000 and the next resistance zone is at 0.73000.
Look for short-term selling opportunities of AUD/USD if it breaks the support zone of 0.71000.
The Australian Retail Sales m/m data (Actual: 4.9%, Forecast: 4.9%, Previous: 4.9%) released earlier today indicated that consumer spending rise at the same pace as previous data release.
Currently, AUD/USD is testing the support zone of 0.71000 and the next resistance zone is at 0.73000.
Look for short-term selling opportunities of AUD/USD if it breaks the support zone of 0.71000.