AUD/USD Outlook (10 May 2021)

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AUD/USD Outlook (10 May 2021)

ByJin Dao Tai

 MAY 10, 2021

AUD/USD Outlook (10 May 2021)

Overall, AUD/USD is trending upwards. Recently, AUD/USD broke the resistance zone of 0.78000.

The Australian Retail Sales m/m data (Forecast: TBAPrevious: 1.4%) will be released later at 0930 (SGT).

AUD/USD’s next support zone is at 0.78000 and the next resistance zone is at 0.80000.

Look for buying opportunities of AUD/USD.

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