Overall, AUD/USD is trending downwards. Recently, AUD/USD bounced off the support zone of 0.73300.
The Australian flash PMI data released earlier today indicated a return to the contraction level of the services sector while the manufacturing sector slowed in June due to the renewed COVID restrictions caused by the spread of Delta variant.
- Flash Manufacturing PMI (Actual: 56.8, Forecast: NA, Previous: 58.6 revised from 58.4)
- Flash Services PMI (Actual: 44.2, Forecast: NA, Previous: 56.8 revised from 56.0)
Currently, AUD/USD is testing to break above the key level of 0.74. Its next support zone is at 0.73300 and the next resistance zone is at 0.75000.
Look for short-term selling opportunities of AUD/USD if it bounces down from the key level of 0.74.
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