2020-08-03 17:16
Market analysisAUD/USD Outlook (03 August 2020)
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Market analysis：
Overall, AUD/USD is trending upwards.
Yesterday, Victoria state in Australia declared a state of disaster in an effort to speed up the containment of the COVID-19 resurgence. A daily curfew from 8pm to 5am has been placed in the city of Melbourne to restrict its residents from leaving their houses except for work or to receive or provide medical support.
The Australian Trade Balance and Retail Sales m/m data will be released tomorrow at 0930 (SGT).
-Trade Balance (Forecast: 8.80B, Previous: 8.03B)
-Retail Sales m/m (Forecast: 2.4%, Previous: 2.4%)
AUD/USD’s next support zone is at 0.69800 and the next resistance zone is at 0.72000.
Look for selling opportunities of AUD/USD.
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AUD/USD Outlook (03 August 2020)
Singapore | 2020-08-03 17:16Overall, AUD/USD is trending upwards.
Yesterday, Victoria state in Australia declared a state of disaster in an effort to speed up the containment of the COVID-19 resurgence. A daily curfew from 8pm to 5am has been placed in the city of Melbourne to restrict its residents from leaving their houses except for work or to receive or provide medical support.
The Australian Trade Balance and Retail Sales m/m data will be released tomorrow at 0930 (SGT).
-Trade Balance (Forecast: 8.80B, Previous: 8.03B)
-Retail Sales m/m (Forecast: 2.4%, Previous: 2.4%)
AUD/USD’s next support zone is at 0.69800 and the next resistance zone is at 0.72000.
Look for selling opportunities of AUD/USD.
Forex
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