AUD/USD Outlook (02 July 2021)

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AUD/USD Outlook (02 July 2021)

ByJin Dao Tai

 JUL 2, 2021

AUD/USD Outlook (02 July 2021)

Overall, AUD/USD is trending downwards. Recently, AUD/USD broke the support zone of 0.75000.

The Australian Retail Sales m/m data (Forecast: TBAPrevious: 0.1%) will be released next Monday at 0930 (GMT+8).

Also, the Australian Building Approvals m/m (Forecast: TBAPrevious: -8.6%) will be released at the same time.

AUD/USD’s next support zone is at 0.73300 and the next resistance zone is at 0.75000.

Look for short-term selling opportunities of AUD/USD up until the release of the U.S. jobs report at 2030 (GMT+8).

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