ByJin Dao Tai
MAY 11, 2021
Overall, AUD/USD is trending upwards. Recently, AUD/USD broke the resistance zone of 0.78000.
The Australian Retail Sales m/m data (Actual: 1.3%, Forecast: TBA, Previous: 1.4%) released yesterday indicated a slight fall in consumer spending in March.
The Australia Treasury will be releasing their annual budget later at 1730 (SGT).
AUD/USD’s next support zone is at 0.78000 and the next resistance zone is at 0.80000.
Look for buying opportunities of AUD/USD.
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