AUD/USD Outlook (16 December 2020)

Overall, AUD/USD is trending upwards.

The Australian flash PMI data released yesterday indicated an increase in the rate of expansion of business activities.

• Flash Manufacturing PMI (Actual: 56.0, Forecast: NA, Previous: 55.8 revised from 56.1)
  
• Flash Services PMI (Actual: 57.4, Forecast: NA, Previous: 55.1 revised from 54.9)
  

The Australian employment data will be released tomorrow at 0830 (SGT).

• Employment Change (Forecast: 40.9K, Previous: 178.8K)
  
• Unemployment Rate (Forecast: 7.0%, Previous: 7.0%)
  

AUD/USD’s next support zone is at 0.73900 and the next resistance zone is at 0.76800.
Look for short-term selling opportunities of AUD/USD.