AUD/USD Outlook (17 August 2021)

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AUD/USD Outlook (17 August 2021)

ByJin Dao Tai

 AUG 17, 2021

AUD/USD Outlook (17 August 2021)

Overall, AUD/USD is trending downwards. Recently, AUD/USD trended into the support zone of 0.73300.

The Reserve Bank of Australia will be releasing the minutes for the previous monetary policy meeting later at 0930 (GMT+8).

Currently, AUD/USD is testing the support zone of 0.73300 and the next resistance zone is at 0.75000.

Look for short-term buying opportunities of AUD/USD if it bounces off the support zone of 0.73300.

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