8 Nov 2013
AUD/USD is heavy
FXstreet.com (Chicago) - AUD/USD reacted negatively to the release of the RBA monetary policy statement falling to 0.9428 session lows.
Perspective
According to Jim Langlands from FXcharts “the Aud saw its own action after the lousy jobs data yesterday, and since then has been largely sidelined, although it does not look healthy is sitting just above important support” adding “Use 0.9475/0.9400 today as a guide with a preference to sell rallies, but be nimble. Watch the China data and then the NFP and be square heading into the weekend, with plenty of Chinese data to be released on Saturday. (CPI, New Loans, Retail Sales, Urban Investment, Industrial Production)”.
AUD/USD Technical Levels
Technically speaking, the pair is offered at 0.9436 and oscillates between the supports aligned at 0.9422 (November 1st lows), 0.9383 (October 9th lows) followed by 0.9328 (October 1st lows) and the resistances set at 0.9488 (October 11th highs), 0.9537 (November 4th highs) ahead of 0.9574 (October 26th lows). According to the FXstreet.com trend index, the pair is neutral on one-hour timeframe analysis below the EMA20.
Perspective
According to Jim Langlands from FXcharts “the Aud saw its own action after the lousy jobs data yesterday, and since then has been largely sidelined, although it does not look healthy is sitting just above important support” adding “Use 0.9475/0.9400 today as a guide with a preference to sell rallies, but be nimble. Watch the China data and then the NFP and be square heading into the weekend, with plenty of Chinese data to be released on Saturday. (CPI, New Loans, Retail Sales, Urban Investment, Industrial Production)”.
AUD/USD Technical Levels
Technically speaking, the pair is offered at 0.9436 and oscillates between the supports aligned at 0.9422 (November 1st lows), 0.9383 (October 9th lows) followed by 0.9328 (October 1st lows) and the resistances set at 0.9488 (October 11th highs), 0.9537 (November 4th highs) ahead of 0.9574 (October 26th lows). According to the FXstreet.com trend index, the pair is neutral on one-hour timeframe analysis below the EMA20.