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AUD/USD Outlook (16 June 2021)

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AUD/USD Outlook (16 June 2021)

ByJin Dao Tai

 JUN 16, 2021

AUD/USD Outlook (16 June 2021)

Overall, AUD/USD is ranging across. Recently, AUD/USD broke below the key level of 0.77.

The Reserve Bank of Australia Governor Lowe will be speaking tomorrow at 0810 (GMT+8). During this time, there may be volatility in AUD.

The Australian employment data will be released tomorrow at 0930 (GMT+8).

  • Employment Change (Forecast: 30.5KPrevious: -30.6K)
  • Unemployment Rate (Forecast: 5.5%Previous: 5.5%)

AUD/USD’s next support zone is at 0.75500 and the next resistance zone is at 0.78000.

Look for short-term selling opportunities of AUD/USD up until the U.S. FOMC meeting tomorrow at 0200 (GMT+8).

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