AUD/USD Outlook (10 November 2020)
Overall, AUD/USD is trending upwards.
Yesterday, Pfizer announced that its experimental COVID-19 vaccine was more than 90% effective. As a result, the market went risk-on.
The Australian Westpac Consumer Sentiment data (Forecast: NA, Previous: 11.9%) will be released tomorrow at 0730 (SGT).
AUD/USD’s next support zone is at 0.72200 and the next resistance zone is at 0.73900.
With optimism rising from the COVID-19 treatment, look for buying opportunities of AUD/USD.
Yesterday, Pfizer announced that its experimental COVID-19 vaccine was more than 90% effective. As a result, the market went risk-on.
The Australian Westpac Consumer Sentiment data (Forecast: NA, Previous: 11.9%) will be released tomorrow at 0730 (SGT).
AUD/USD’s next support zone is at 0.72200 and the next resistance zone is at 0.73900.
With optimism rising from the COVID-19 treatment, look for buying opportunities of AUD/USD.