AUDUSD Trend Analysis over H4 Chart.
Updated
Overall, AUD/USD is ranging across. Recently, AUD/USD bounced down from the key level of 0.72.
The Australian Building Approvals m/m data (Actual: 3.6%, Forecast: TBA, Previous: -13.6% revised from -12.9%) released yesterday indicated an increase in the number of building permits issued in November, rebounding from the previous month’s decline.
The Australian Retail Sales data (Forecast: TBA, Previous: 4.9%) will be released later at 0830 (GMT+8).
Currently, AUD/USD is trading up towards the key level of 0.72. Its next support zone is at 0.71000 and the next resistance zone is at 0.73000.
Look for short-term selling opportunities of AUD/USD if it bounces down from the key level of 0.72.
The Australian Building Approvals m/m data (Actual: 3.6%, Forecast: TBA, Previous: -13.6% revised from -12.9%) released yesterday indicated an increase in the number of building permits issued in November, rebounding from the previous month’s decline.
The Australian Retail Sales data (Forecast: TBA, Previous: 4.9%) will be released later at 0830 (GMT+8).
Currently, AUD/USD is trading up towards the key level of 0.72. Its next support zone is at 0.71000 and the next resistance zone is at 0.73000.
Look for short-term selling opportunities of AUD/USD if it bounces down from the key level of 0.72.
Note
Trade already closed in Partial Profits.
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