JinDao_Tai

AUD/USD Outlook (19 February 2020)

FX:AUDUSD   Dollar Australia / Dollar AS
Overall, AUD/USD is trending downwards. Recently, AUD/USD trended lower into the support level of 0.66800 after the release of the dovish monetary policy minutes.
The Australian employment data will be released tomorrow at 0830 (SGT).
  • Employment Change (Forecast: 10.0K, Previous: 28.9K)
  • Unemployment Rate (Forecast: 5.2%, Previous: 5.1%)
Currently, AUD/USD is bouncing off the support level of 0.66800 and the next resistance level is at 0.68500.
Stay out of AUD/USD for now. If the released employment data are poor, wait for the support level of 0.66800 to be broken before looking for selling opportunities of AUD/USD.

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