AUD/USD Outlook (16 June 2021)
ByJin Dao Tai
JUN 16, 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: 30.5K, Previous: -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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