AUD/USD Outlook (14 June 2021)
ByJin Dao Tai
JUN 14, 2021
Overall, AUD/USD is ranging across. Recently, AUD/USD trended down into the key level of 0.77.
Most Australian banks will be closed today in observance of the Queen’s Birthday. Expect lower trading volatility and volume during the usual Australian market hours.
The Reserve Bank of Australia (RBA) will be releasing the minutes for the previous monetary policy meeting tomorrow at 0930 (GMT+8).
Currently, AUD/USD is testing to break below the key level of 0.77. Its next support zone is at 0.75500 and the next resistance zone is at 0.78000.
Look for selling opportunities of AUD/USD if it breaks below the key level of 0.77.
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