AUD/USD Outlook (31 August 2020)
Overall, AUD/USD is trending upwards. Recently, AUD/USD trended into the resistance zone of 0.73700.
The Australian Building Approvals m/m data (Forecast: -0.9%, Previous: -4.9%) will be released tomorrow at 0930 (SGT).
Currently, AUD/USD is testing the resistance zone of 0.73700 and the next support zone is at 0.72500.
Look for buying opportunities of AUD/USD if it breaks the resistance zone of 0.73700.
The Australian Building Approvals m/m data (Forecast: -0.9%, Previous: -4.9%) will be released tomorrow at 0930 (SGT).
Currently, AUD/USD is testing the resistance zone of 0.73700 and the next support zone is at 0.72500.
Look for buying opportunities of AUD/USD if it breaks the resistance zone of 0.73700.