ByJin Dao Tai
MAY 17, 2021
Overall, AUD/USD is ranging across. Recently, AUD/USD bounced up from the key level of 0.77 and trended upwards after the release of the poor U.S. retail sales data.
The Reserve Bank of Australia (RBA) will be releasing the minutes for the previous monetary policy meeting tomorrow at 0930 (SGT).
AUD/USD’s next support zone is at 0.77500 and the next resistance zone is at 0.78000.
Look for short-term selling opportunities of AUD/USD.
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