AUD/USD Outlook (23 June 2021)
ByJin Dao Tai
JUN 23, 2021
Overall, AUD/USD is trending downwards. Recently, AUD/USD moved into the resistance zone of 0.75500.
Reserve Bank of Australian Assistant Governor Ellis will be speaking later at 1115 (GMT+8).
During this time, there may be volatility in AUD.
The Australian Flash PMI data released earlier today indicated a slowdown in the pace of expansion of business activities in June.
- Flash Manufacturing PMI (Actual: 58.4, Forecast: NA, Previous: 60.4 revised from 59.9)
- Flash Services PMI (Actual: 56.0, Forecast: NA, Previous: 58.0 revised from 58.2)
Currently, AUD/USD is testing the resistance zone of 0.75500 and the next support zone is at 0.73900.
Look for short-term selling opportunities of AUD/USD if it fails to break the resistance zone of 0.75500.
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