AUD/USD Outlook (14 July 2020)
Overall, AUD/USD is ranging across. Recently, AUD/USD bounced off the resistance zone of 0.69800.
The Australian NAB Business Confidence data (Actual: 1, Forecast: NA, Previous: -20) released earlier today indicated an improvement in business conditions and confidence.
The Australian Westpac Consumer Sentiment data (Forecast: NA, Previous: 6.3%) will be released tomorrow at 0830 (SGT).
AUD/USD’s next support zone is at 0.68200 and the next resistance zone is at 0.69800.
Look for selling opportunities of AUD/USD.
The Australian NAB Business Confidence data (Actual: 1, Forecast: NA, Previous: -20) released earlier today indicated an improvement in business conditions and confidence.
The Australian Westpac Consumer Sentiment data (Forecast: NA, Previous: 6.3%) will be released tomorrow at 0830 (SGT).
AUD/USD’s next support zone is at 0.68200 and the next resistance zone is at 0.69800.
Look for selling opportunities of AUD/USD.