AUD/USD Outlook (12 January 2022)

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

The Australian Retail Sales data (Actual: 7.3%, Forecast: 3.5%, Previous: 4.9%) released yesterday indicated a strong rise in consumer spending last November due to the easing of COVID restrictions and pre-Christmas shopping.

AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.73000.
Look for short-term buying opportunities of AUD/USD.

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