AUD/USD Outlook (24 February 2022)

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

The Wage Price Index q/q data (Actual: 0.7%, Forecast: 0.7%, Previous: 0.6%) released yesterday indicated a slight increase in employees’ wages as expected.

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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