AUD/USD Outlook (06 September 2021)
ByJin Dao Tai
SEP 6, 2021
Overall, AUD/USD is ranging across. Recently, AUD/USD strengthened and broke above the key level of 0.74 after the release of the disappointing U.S. jobs report.
The Australian Retail Sales m/m data (Actual: -2.7%, Forecast: -1.9%, Previous: -2.7%) released last Friday indicated continued decline in consumer spending in August.
AUD/USD’s 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.
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