24 Jul 2014
AUD/USD popping up eyeing 0.95 handle
FXStreet (Guatemala) - AUD/USD is trading at 0.9466, up 0.12% on the day, having posted a daily high at 0.9477 and low at 0.9435.
AUD/USD has popped higher on the release of HSBC china Manufacturing PMI, 52 vs 51.0 consensus and 50.7 previous. We now await the US data to take the attention from the markets and Sean Callow, analyst at Westpac Banking Corporation ABN explained, "In the US it’s weekly jobless claims, the little-watched Markit PMI and Jun new home sales. These are expected to pull back sharply from the 18.6% surge in May; anything around -5% to -8% should be taken calmly by markets given the volatility in the series".
AUD/USD Levels
With spot trading at 0.9468, we can see next resistance ahead at 0.9477 (Daily High), 0.9486 (Daily Classic R1), 0.9497 (Monthly High and YTD High) and 0.9511 (Weekly Classic R3). Support at recent congestion.
AUD/USD has popped higher on the release of HSBC china Manufacturing PMI, 52 vs 51.0 consensus and 50.7 previous. We now await the US data to take the attention from the markets and Sean Callow, analyst at Westpac Banking Corporation ABN explained, "In the US it’s weekly jobless claims, the little-watched Markit PMI and Jun new home sales. These are expected to pull back sharply from the 18.6% surge in May; anything around -5% to -8% should be taken calmly by markets given the volatility in the series".
AUD/USD Levels
With spot trading at 0.9468, we can see next resistance ahead at 0.9477 (Daily High), 0.9486 (Daily Classic R1), 0.9497 (Monthly High and YTD High) and 0.9511 (Weekly Classic R3). Support at recent congestion.