AUD/USD Outlook (01 September 2021)
Overall, AUD/USD is ranging across. Recently, AUD/USD trended into the resistance zone of 0.73300.
The Australian Building Approvals m/m data (Actual: -8.6%, Forecast: -5.0%, Previous: -6.7%) released yesterday indicated continued decline in the number of building permits issued.
The Australian GDP q/q data (Forecast: 0.6%, Previous: 1.8%) will be released later at 0930 (GMT+8).
Currently, AUD/USD is testing the resistance zone of 0.73300 and the next support zone is at 0.72200.
Look for buying opportunities of AUD/USD if it breaks the resistance zone of 0.73300.
The Australian Building Approvals m/m data (Actual: -8.6%, Forecast: -5.0%, Previous: -6.7%) released yesterday indicated continued decline in the number of building permits issued.
The Australian GDP q/q data (Forecast: 0.6%, Previous: 1.8%) will be released later at 0930 (GMT+8).
Currently, AUD/USD is testing the resistance zone of 0.73300 and the next support zone is at 0.72200.
Look for buying opportunities of AUD/USD if it breaks the resistance zone of 0.73300.