AUD/USD Outlook (07 March 2022)
Overall, AUD/USD is trending upwards. Recently, AUD/USD broke the resistance zone of 0.73000.
The Australian Building Approvals m/m data (Actual: 1.8%, Forecast: -2.9%, Previous: 8.2%) released last Friday indicated that consumer spending continues to increase at the same rate during February.
Currently, AUD/USD is trading up towards the key level of 0.74. Its next support zone is at 0.73000 and the next resistance zone is at 0.75000.
Look for short-term buying opportunities of AUD/USD if it breaks above the key level of 0.74.
The Australian Building Approvals m/m data (Actual: 1.8%, Forecast: -2.9%, Previous: 8.2%) released last Friday indicated that consumer spending continues to increase at the same rate during February.
Currently, AUD/USD is trading up towards the key level of 0.74. Its next support zone is at 0.73000 and the next resistance zone is at 0.75000.
Look for short-term buying opportunities of AUD/USD if it breaks above the key level of 0.74.