AUD/USD Outlook (21 December 2021)

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Overall, AUD/USD is ranging across.

In the released monetary policy meeting minutes earlier today, the Reserve Bank of Australia highlighted that it will continue to maintain a highly supportive monetary conditions. Also, the central bank will not be hiking interest rate until inflation is within its 2-3% target range.

Currently, AUD/USD is testing the support zone of 0.71000 and the next resistance zone is at 0.73000.
Look for short-term selling opportunities of AUD/USD if it breaks the support zone of 0.71000.

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