2020-08-21 16:53
Market analysisAUD/USD Outlook (21 August 2020)
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Market analysis：
Overall, AUD/USD is ranging across. Recently, AUD/USD moved higher into the key level of 0.72.
The Australian flash PMI data released earlier today indicated that the services sector contracted in August due to the return of lockdown measures as several parts of Australia suffer from a resurgence of COVID-19. The manufacturing sector continues to expand at a rate largely unchanged from July.
-Flash Manufacturing PMI (Actual: 53.9, Forecast: NA, Previous: 54.0 revised from 53.4)
-Flash Services PMI (Actual: 48.1, Forecast: NA, Previous: 58.2 revised from 58.5)
AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.72500.
Look for buying opportunities of AUD/USD.
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AUD/USD Outlook (21 August 2020)
Singapore | 2020-08-21 16:53Overall, AUD/USD is ranging across. Recently, AUD/USD moved higher into the key level of 0.72.
The Australian flash PMI data released earlier today indicated that the services sector contracted in August due to the return of lockdown measures as several parts of Australia suffer from a resurgence of COVID-19. The manufacturing sector continues to expand at a rate largely unchanged from July.
-Flash Manufacturing PMI (Actual: 53.9, Forecast: NA, Previous: 54.0 revised from 53.4)
-Flash Services PMI (Actual: 48.1, Forecast: NA, Previous: 58.2 revised from 58.5)
AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.72500.
Look for buying opportunities of AUD/USD.
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