AUD/USD Outlook (18 February 2022)

Overall, AUD/USD is ranging across.

The Australian employment data released yesterday indicated a slowdown in jobs creation last month.
- Employment Change (Actual: 12.9K, Forecast: 0.0K, Previous: 64.8K)
- Unemployment Rate (Actual: 4.2%, Forecast: 4.2%, Previous: 4.2%)

The Australian flash PMI data will be released next Monday at 0600 (GMT+8).
- Flash Manufacturing PMI (Forecast: NA, Previous: 55.1 revised from 55.3)
- Flash Services PMI (Forecast: NA, Previous: 46.6 revised from 45.0)

Currently, AUD/USD is testing to break above the key level of 0.72. Its next support zone is at 0.71000 and the next resistance zone is at 0.73000.
Look for short-term selling opportunities of AUD/USD if it bounces down from the key level of 0.72.