Overall, AUD/USD is ranging across.

The Australian CPI q/q data (Actual: 1.3%, Forecast: TBA, Previous: 0.8%) released yesterday indicated that inflation ran hotter during the fourth quarter of 2021 than the third quarter.

Australian banks will be closed today in observance of Australia Day. Expect lower trading volatility and volume during the usual Australian market hours.

AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.73000.
Look for short-term buying opportunities of AUD/USD up until the FOMC announcement tomorrow at 0300 (GMT+8).


Be sure to follow me on Twitter at @jdtai and on TradingView at Jin_LCMSTraders for my latest post!

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By Jin Dao Tai

JinDao Tai is an Entrepreneur, Award-Winning Forex Coach & Trainer, International Speaker and Multi-Million Dollar Trader. Starting out his career as an economic & financial consultant in Australia, one day he decided to change his life and pivoted into multiple entrepreneurship endeavours and eventually into managing a multi-million dollar portfolio.

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