AUD/USD Outlook (27 July 2021)
ByJin Dao Tai
JUL 27, 2021
Overall, AUD/USD is trending downwards. Recently, AUD/USD bounced off the support zone of 0.73300.
Reserve Bank of Australia Deputy Governor Debelle will be speaking later at 2035 (GMT+8). During this time, there may be volatility in AUD.
The Australian CPI q/q data (Forecast: 0.7%, Previous: 0.6%) will be released tomorrow at 0930 (GMT+8).
Currently, AUD/USD is moving up towards the key level of 0.74. Its next support zone is at 0.73300 and the next resistance zone is at 0.75000.
Look for short-term buying opportunities of AUD/USD if it breaks above the key level of 0.74.
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