AUD/USD Outlook (31 January 2022)

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Overall, AUD/USD is ranging across. Recently, AUD/USD traded down to the key level of 0.70.

The Australian Retail Sales m/m data (Forecast: TBA, Previous: 7.3%) will be released tomorrow at 0830 (GMT+8).

Currently, AUD/USD is testing to break below the key level of 0.70. Its next support zone is at 0.68200 and the next resistance zone is at 0.71000.
Look for short-term selling opportunities of AUD/USD if it breaks below the key level of 0.70.

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