Overall, AUD/USD is ranging across. Recently, AUD/USD strengthened for a brief duration after the release of the disappointing U.S. CPI data, causing USD to weaken.
During his speech yesterday, the Reserve Bank of Australia (RBA) Governor Lowe highlighted that the extension of the current round of quantitative easing to February 2022 will allow the central bank to know how the Australian economy is responding to the easing of restrictions. He also admitted that the delay implies that it will take a longer time to achieve the RBA’s inflation goals.
The Australian employment data will be released tomorrow at 0930 (GMT+8).
Currently, AUD/USD is testing the support zone of 0.73300 and the next resistance zone is at 0.75000.
Look for short-term selling opportunities of AUD/USD if it breaks the support zone of 0.73300.
During his speech yesterday, the Reserve Bank of Australia (RBA) Governor Lowe highlighted that the extension of the current round of quantitative easing to February 2022 will allow the central bank to know how the Australian economy is responding to the easing of restrictions. He also admitted that the delay implies that it will take a longer time to achieve the RBA’s inflation goals.
The Australian employment data will be released tomorrow at 0930 (GMT+8).
- Employment Change (Forecast: -78.5K, Previous: 2.2K)
- Unemployment Rate (Forecast: 5.0%, Previous: 4.6%)
Currently, AUD/USD is testing the support zone of 0.73300 and the next resistance zone is at 0.75000.
Look for short-term selling opportunities of AUD/USD if it breaks the support zone of 0.73300.
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