ByJin Dao Tai
JUN 9, 2021
Overall, AUD/USD is ranging across.
The Australian NAB Business Confidence data (Actual: 20, Forecast: NA, Previous: 23 revised from 26) released yesterday indicated a decline in the surveyed businesses’ rating on the current business conditions.
The Australian Westpac Consumer Sentiment data (Actual: -5.2%, Forecast: NA, Previous: -4.8%) released earlier today indicated a decline in the surveyed respondents’ rating of the relative level of the economic conditions.
The Australian MI Inflation Expectations data (Forecast: NA, Previous: 3.5%) will be released tomorrow at 0900 (GMT+8).
AUD/USD’s next support zone is at 0.75500 and the next resistance zone is at 0.78000.
Look for short-term buying opportunities of AUD/USD.
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