AUD/USD Outlook (30th August 2019)

Overall, AUD/USD is trending downwards. Recently, AUD/USD has been ranging across.

The Australian housing data released this morning was worse than forecasted, leading to the weakening of the Australian dollar.

• Building Approvals m/m (Actual: -9.7%, Forecast: 0.0%, Previous: -0.8% revised from -1.2%)
  

Currently, AUD/USD is testing the support level of 0.67000 and its next resistance level is at 0.68800.