AUD/USD Outlook (04 December 2020)
Overall, AUD/USD is trending upwards.
The Australian Retail Sales m/m data (Actual: 1.4%, Forecast: 0.5%, Previous: 1.6%) released earlier today indicated a slight slowdown in the increase of consumer spending.
Reserve Bank of Australia Governor Lowe will be speaking next Monday at 0600 (SGT). During this time, there may be volatility in AUD.
AUD/USD’s next support zone is at 0.73900 and the next resistance zone is at 0.76800.
Look for short-term buying opportunities of AUD/USD.
The Australian Retail Sales m/m data (Actual: 1.4%, Forecast: 0.5%, Previous: 1.6%) released earlier today indicated a slight slowdown in the increase of consumer spending.
Reserve Bank of Australia Governor Lowe will be speaking next Monday at 0600 (SGT). During this time, there may be volatility in AUD.
AUD/USD’s next support zone is at 0.73900 and the next resistance zone is at 0.76800.
Look for short-term buying opportunities of AUD/USD.
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