AUD/USD Outlook (7 November 2019)

Overall, AUD/USD has been trending upwards. Recently, AUD/USD has been ranging across.
The Reserve Bank of Australia will be releasing the monetary policy statement for the previous meeting tomorrow at 0830 (SGT).
Currently, AUD/USD is testing the support level of 0.68800 and the next resistance level is at 0.70500.
As AUD/USD is ranging across and testing the support level at the moment, wait for the support level to be broken before looking for selling opportunities.