AUD/USD Outlook (19 January 2022)

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Overall, AUD/USD is ranging across. Recently, AUD/USD broke below the key level of 0.72.

The Australian Westpac Consumer Sentiment data (Actual: -2.0%, Forecast: NA, Previous: -1.0%) released earlier today indicated a further decline in the surveyed consumers’ sentiment on the Australian economic conditions.

The Australian employment data will be released tomorrow at 0830 (GMT+8).
  • Employment Change (Forecast: 60.0K, Previous: 366.1K)
  • Unemployment Rate (Forecast: 4.5%, Previous: 4.6%)


Currently, AUD/USD is trading up towards the key level of 0.72. Its 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 if bounces down from the key level of 0.72.

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