AUD/USD Outlook (15 October 2020)
Overall, AUD/USD is ranging across. Recently, AUD/USD broke the support zone of 0.71700.
In his speech earlier today, Reserve Bank of Australia Governor Lowe acknowledged the possibility of a further cut in interest rate but the central bank has not finalized any decision on that as they are still working on some issues related to that matter.
The Australian employment data released earlier today indicated a decline in jobs while unemployment inched upwards.
Look for selling opportunities of AUD/USD.
In his speech earlier today, Reserve Bank of Australia Governor Lowe acknowledged the possibility of a further cut in interest rate but the central bank has not finalized any decision on that as they are still working on some issues related to that matter.
The Australian employment data released earlier today indicated a decline in jobs while unemployment inched upwards.
- Employment Change (Actual: -29.5K, Forecast: -38.0K, Previous: 129.1K revised from 111.0K)
- Unemployment Rate (Actual: 6.9%, Forecast: 7.0%, Previous: 6.8%)
Look for selling opportunities of AUD/USD.