AUD/USD Outlook (09 September 2020)
Overall, AUD/USD is ranging across. Recently, AUD/USD broke the support zone of 0.72500.
The Westpac Consumer Sentiment data (Actual: 18.0%, Forecast: NA, Previous: -9.5%) released earlier today indicated a strong rebound in consumer confidence of the Australian economy likely due to a decline in the number of COVID-19 cases in Victoria state.
AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.72500.
Look for selling opportunities of AUD/USD.
The Westpac Consumer Sentiment data (Actual: 18.0%, Forecast: NA, Previous: -9.5%) released earlier today indicated a strong rebound in consumer confidence of the Australian economy likely due to a decline in the number of COVID-19 cases in Victoria state.
AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.72500.
Look for selling opportunities of AUD/USD.