AUD/USD Outlook (18 November 2021)
Overall, AUD/USD is trending downwards. Recently, AUD/USD broke the support zone of 0.73000.
The Australian Wage Price Index q/q data (Actual: 0.6%, Forecast: 0.6%, Previous: 0.4%) released yesterday indicated a higher-than-expected increase in wages during the third quarter despite the imposed lockdown measures.
Reserve Bank of Australia Assistant Governor Ellis will be speaking later at 1200 (GMT+8). During this time, there may be volatility in AUD.
AUD/USD‘s 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.
The Australian Wage Price Index q/q data (Actual: 0.6%, Forecast: 0.6%, Previous: 0.4%) released yesterday indicated a higher-than-expected increase in wages during the third quarter despite the imposed lockdown measures.
Reserve Bank of Australia Assistant Governor Ellis will be speaking later at 1200 (GMT+8). During this time, there may be volatility in AUD.
AUD/USD‘s 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.
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