AUD/USD Outlook (09 March 2021)
Overall, AUD/USD is ranging across. Recently, AUD/USD bounced down from the key level of 0.77.
The Australian NAB business confidence data (Actual: 16, Forecast: NA, Previous: 12 revised from 10) released earlier today indicated an increase in the level of optimism of the current business conditions by the surveyed businesses.
Reserve Bank of Australia Governor Philip Lowe will be delivering a speech tomorrow at 0600 (SGT).
During this time, there may be volatility in AUD.
The Australian Westpac Consumer Sentiment data (Forecast: NA, Previous: 1.9%) will be released tomorrow at 0730 (SGT).
Currently, AUD/USD is heading towards the support zone of 0.76000 and the next resistance zone is at 0.77900.
Look for selling opportunities of AUD/USD if it breaks the support zone of 0.76000.
The Australian NAB business confidence data (Actual: 16, Forecast: NA, Previous: 12 revised from 10) released earlier today indicated an increase in the level of optimism of the current business conditions by the surveyed businesses.
Reserve Bank of Australia Governor Philip Lowe will be delivering a speech tomorrow at 0600 (SGT).
During this time, there may be volatility in AUD.
The Australian Westpac Consumer Sentiment data (Forecast: NA, Previous: 1.9%) will be released tomorrow at 0730 (SGT).
Currently, AUD/USD is heading towards the support zone of 0.76000 and the next resistance zone is at 0.77900.
Look for selling opportunities of AUD/USD if it breaks the support zone of 0.76000.