AUD/USD Outlook (11 November 2021)
Overall, AUD/USD is ranging across. Recently, AUD/USD traded into the support zone of 0.73300 after the release of the strong U.S. CPI data.
The Australian employment data released earlier today indicated an unexpected loss in jobs in October while unemployment rose higher than expected.
Currently, AUD/USD is testing the support zone of 0.73300 and the next resistance zone is at 0.75000.
Look for short-term selling opportunities of AUD/USD if it breaks the support zone of 0.73300.
The Australian employment data released earlier today indicated an unexpected loss in jobs in October while unemployment rose higher than expected.
- Employment Change (Actual: -46.3K, Forecast: 50.0K, Previous: -138.0K)
- Unemployment Rate (Actual: 5.2%, Forecast: 4.8%, Previous: 4.6%)
Currently, AUD/USD is testing the support zone of 0.73300 and the next resistance zone is at 0.75000.
Look for short-term selling opportunities of AUD/USD if it breaks the support zone of 0.73300.