AUD/USD Outlook (18 March 2022)

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Overall, AUD/USD is trending upwards. Recently, AUD/USD broke the resistance zone of 0.73000.

The Australian employment data released yesterday indicated more jobs were created in February than in the previous month while unemployment continued to decline.
- Employment Change (Actual: 77.4K, Forecast: 36.0K, Previous: 28.3K revised from 12.9K)
- Unemployment Rate (Actual: 4.0%, Forecast: 4.1%, Previous: 4.2%)

AUD/USD’s next support zone is at 0.73000 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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