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).
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