AUD/USD Outlook (08 December 2021)
Overall, AUD/USD is trending downwards. Recently, AUD/USD traded into the resistance zone of 0.71000.
During the monetary policy announcement yesterday, the Reserve Bank of Australia (RBA) held its monetary policy unchanged. On the matter of the COVID Omicron variant, the central bank highlighted that this is a new source of uncertainty but does not expect it to hinder the economic recovery in Australia.
Reserve Bank of Australia Governor Lowe will be speaking tomorrow at 0605 (GMT+8).
During this time, there may be volatility in AUD.
Currently, AUD/USD is testing the resistance zone of 0.71000 and its support zone is at 0.68200.
Look for short-term selling opportunities of AUD/USD if it rejects the resistance zone of 0.71000.
During the monetary policy announcement yesterday, the Reserve Bank of Australia (RBA) held its monetary policy unchanged. On the matter of the COVID Omicron variant, the central bank highlighted that this is a new source of uncertainty but does not expect it to hinder the economic recovery in Australia.
Reserve Bank of Australia Governor Lowe will be speaking tomorrow at 0605 (GMT+8).
During this time, there may be volatility in AUD.
Currently, AUD/USD is testing the resistance zone of 0.71000 and its support zone is at 0.68200.
Look for short-term selling opportunities of AUD/USD if it rejects the resistance zone of 0.71000.
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