Overall, AUD/USD is trending upwards. Recently, AUD/USD rejected the resistance zone of 0.073000.
The Reserve Bank of Australia (RBA) kept interest rate unchanged at 0.10% during their monetary policy meeting yesterday. The central bank highlighted that the ongoing Russian-Ukraine war “is a major new source of uncertainty”. The RBA also mentioned that inflation in Australia has increased faster than expected but is still early to conclude if it is sustainably within the central bank’s 2-3% target.
The Australian GDP q/q data (Forecast: 3.0%, Previous: -1.9%) will be released later at 0830 (GMT+8).
The Australian Building Approvals m/m data (Forecast: -2.9%, Previous: 8.2%) will be released tomorrow at 0830 (GMT+8).
AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.73000.
Look for short-term selling opportunities of AUD/USD.
The Reserve Bank of Australia (RBA) kept interest rate unchanged at 0.10% during their monetary policy meeting yesterday. The central bank highlighted that the ongoing Russian-Ukraine war “is a major new source of uncertainty”. The RBA also mentioned that inflation in Australia has increased faster than expected but is still early to conclude if it is sustainably within the central bank’s 2-3% target.
The Australian GDP q/q data (Forecast: 3.0%, Previous: -1.9%) will be released later at 0830 (GMT+8).
The Australian Building Approvals m/m data (Forecast: -2.9%, Previous: 8.2%) will be released tomorrow at 0830 (GMT+8).
AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.73000.
Look for short-term selling opportunities of AUD/USD.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my mailing list jindaotai.com/joinme
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.