AUD/USD Outlook (16 November 2020)
Overall, AUD/USD is trending upwards. Recently, AUD/USD bounced off the support zone of 0.72200.
Reserve Bank of Australia (RBA) Governor Lowe will be speaking later at 1640 (SGT). During this time, there may be volatility in AUD.
The RBA will be releasing the minutes for the previous monetary policy meeting tomorrow at 0830 (SGT).
Currently, AUD/USD is testing to break above the key level of 0.73. Its next support zone is at 0.72200 and the next resistance zone is at 0.73900.
Look for buying opportunities of AUD/USD if breaks above the key level of 0.73.
Reserve Bank of Australia (RBA) Governor Lowe will be speaking later at 1640 (SGT). During this time, there may be volatility in AUD.
The RBA will be releasing the minutes for the previous monetary policy meeting tomorrow at 0830 (SGT).
Currently, AUD/USD is testing to break above the key level of 0.73. Its next support zone is at 0.72200 and the next resistance zone is at 0.73900.
Look for buying opportunities of AUD/USD if breaks above the key level of 0.73.