AUD/USD Outlook (4th October 2019)
Overall, AUD/USD is ranging across. Recently, AUD/USD is ranging across within 110pips.
The Australian retail sales data released was worse than forecasted.
Next Monday, most Australian banks will be closed in observance of Labor Day. Lower trading volume and volatility is expected.
AUD/USD’s next support level is at 0.67000 and the next resistance level is at 0.68800.
The Australian retail sales data released was worse than forecasted.
- Retail Sales m/m (Actual: 0.4%, Forecast: 0.5%, Previous: -0.1%)
Next Monday, most Australian banks will be closed in observance of Labor Day. Lower trading volume and volatility is expected.
AUD/USD’s next support level is at 0.67000 and the next resistance level is at 0.68800.