AUD/USD Outlook (13 November 2019)
2019-11-13 12:39:02
Overall, AUD/USD has been trending upwards. Recently, AUD/USD has been trending downwards.
The Australian wage price index q/q data (Actual: 0.5%, Forecast: 0.5%, Previous: 0.5% revised from 0.6%) released was as forecasted.
The Australian employment data will be released tomorrow at 0830 (SGT).
Employment Change (Forecast: 16.2K, Previous: 14.7K)
Unemployment Rate (Forecast: 5.2%, Previous: 5.2%)
If the released data is better than or as forecasted, the Australian dollar may strengthen.
AUD/USD‘s next support level is at 0.67000 and the next resistance level is at 0.69000.
Look for buying opportunities of the AUD/USD if the employment data is positive.