AUD/USD Outlook (26 January 2021)
Overall, AUD/USD is trending upwards.
Australian Banks will be closed today in observance of Australia Day. Expect lower trading volatility and volume during the Australian market session.
The Australian CPI q/q data (Forecast: 0.7%, Previous: 1.6%) will be released tomorrow at 0830 (SGT).
Currently, AUD/USD is testing to breaks below the key level of 0.77. Its next support zone is at 0.75000 and the next resistance zone is at 0.77900.
Look for selling opportunities of AUD/USD if it breaks below the key level of 0.77.
Australian Banks will be closed today in observance of Australia Day. Expect lower trading volatility and volume during the Australian market session.
The Australian CPI q/q data (Forecast: 0.7%, Previous: 1.6%) will be released tomorrow at 0830 (SGT).
Currently, AUD/USD is testing to breaks below the key level of 0.77. Its next support zone is at 0.75000 and the next resistance zone is at 0.77900.
Look for selling opportunities of AUD/USD if it breaks below the key level of 0.77.