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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.