AUD/USD Outlook (26 November 2021)
Overall, AUD/USD is trending downwards.
The Australian Retail Sales m/m data (Actual: 4.9%, Forecast: 2.2%, Previous: 1.3%) released earlier today indicated a strong increase in consumer spending in October.
Currently, AUD/USD is testing to break below the key level of 0.72. Its next is at 0.71000 and the next is at 0.73000.
Look for short-term selling opportunities of AUD/USD if it breaks below the key level of 0.72.