2020-07-24 16:13
Market analysisAUD/USD Outlook (24 July 2020)
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Market analysis：
Overall, AUD/USD is trending upwards. Recently, AUD/USD moved lower and bounced up from the key level of 0.71.
The Australian flash PMI data released earlier today indicated a faster rate of growth of the manufacturing and services industry in July.
-Flash Manufacturing PMI (Actual: 53.4, Forecast: NA, Previous: 51.2 revised from 49.8)
-Flash Services PMI (Actual: 58.5, Forecast: NA, Previous: 53.1 revised from 53.2)
Currently, AUD/USD is testing to break below the key level of 0.71. Its next support zone is at 0.69800 and the next resistance zone is at 0.71800.
Look for short-term buying opportunities of AUD/USD if it bounces up from the key level of 0.71.
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AUD/USD Outlook (24 July 2020)
Singapore | 2020-07-24 16:13Overall, AUD/USD is trending upwards. Recently, AUD/USD moved lower and bounced up from the key level of 0.71.
The Australian flash PMI data released earlier today indicated a faster rate of growth of the manufacturing and services industry in July.
-Flash Manufacturing PMI (Actual: 53.4, Forecast: NA, Previous: 51.2 revised from 49.8)
-Flash Services PMI (Actual: 58.5, Forecast: NA, Previous: 53.1 revised from 53.2)
Currently, AUD/USD is testing to break below the key level of 0.71. Its next support zone is at 0.69800 and the next resistance zone is at 0.71800.
Look for short-term buying opportunities of AUD/USD if it bounces up from the key level of 0.71.
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