25 Mar 2015
AUD/USD: Awaiting stimulus; supported below 0.79 handle
FXStreet (Guatemala) - AUD/USD is currently trading at 0.7869 with a high of 0.7877 and low of 0.7867.
AUD/USD has started put in the asian day flat from a relatively quiet session overnight with the US taking back the gains onto the 0.79 handle that were made in European trade with half a cent or so in the bag until the resistance at 0.7920 capped the bulls progress. US CPI's gave the greenback a much need boost, beating expectation.
There is little out otherwise today for the major, although there is the Financial Stability Review for Australia. Technically, the major the pair broke through last week’s highs at 0.7845 on a daily chart closing basis, as noted by Karen Jones earlier, who is the chief analyst at Commerzbank. She said if pressure does come in again, the downside to the support line at 0.7539 is expected by Jones to hold the initial test.
AUD/USD has started put in the asian day flat from a relatively quiet session overnight with the US taking back the gains onto the 0.79 handle that were made in European trade with half a cent or so in the bag until the resistance at 0.7920 capped the bulls progress. US CPI's gave the greenback a much need boost, beating expectation.
There is little out otherwise today for the major, although there is the Financial Stability Review for Australia. Technically, the major the pair broke through last week’s highs at 0.7845 on a daily chart closing basis, as noted by Karen Jones earlier, who is the chief analyst at Commerzbank. She said if pressure does come in again, the downside to the support line at 0.7539 is expected by Jones to hold the initial test.