AUD/USD Outlook (06 September 2021)

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AUD/USD Outlook (06 September 2021)

ByJin Dao Tai

 SEP 6, 2021

AUD/USD Outlook (06 September 2021)

Overall, AUD/USD is ranging across. Recently, AUD/USD strengthened and broke above the key level of 0.74 after the release of the disappointing U.S. jobs report.

The Australian Retail Sales m/m data (Actual: -2.7%Forecast: -1.9%Previous: -2.7%) released last Friday indicated continued decline in consumer spending in August.

AUD/USD’s next support zone is at 0.73300 and the next resistance zone is at 0.75000.

Look for short-term buying opportunities of AUD/USD.

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