3 Oct 2014
AUD/USD flat-lining below 0.8700
FXStreet (Edinburgh) - The Aussie dollar is now looking to consolidate intraday losses, with the AUD/USD sidelined around 0.8670.
AUD/USD key week ahead
Spot is recovering some ground after printing fresh multi-year lows around 0.8640, levels last seen in July 2010. The outlook remains bearish, as the sentiment continues to be dominated by the USD strength and uncertainties regarding a potential slowdown in China. Busy week for the AUD ahead, as the RBA will hold its meeting on Tuesday followed by Consumer Inflation Expectations and Unemployment figures on Thursday and Home Loans and RBA Assistant Governor Edey speech due on Friday.
AUD/USD significant levels
As of writing the pair is retreating 1.43% at 0.8676 and a breach of 0.8545 (50% Long term) would expose 0.8500 (psychological level). On the upside, the initial resistance lines up at 0.8770 (high Sep.29) ahead of 0.8813 (high Sep.26) and finally 0.8885 (high Sep.25).
AUD/USD key week ahead
Spot is recovering some ground after printing fresh multi-year lows around 0.8640, levels last seen in July 2010. The outlook remains bearish, as the sentiment continues to be dominated by the USD strength and uncertainties regarding a potential slowdown in China. Busy week for the AUD ahead, as the RBA will hold its meeting on Tuesday followed by Consumer Inflation Expectations and Unemployment figures on Thursday and Home Loans and RBA Assistant Governor Edey speech due on Friday.
AUD/USD significant levels
As of writing the pair is retreating 1.43% at 0.8676 and a breach of 0.8545 (50% Long term) would expose 0.8500 (psychological level). On the upside, the initial resistance lines up at 0.8770 (high Sep.29) ahead of 0.8813 (high Sep.26) and finally 0.8885 (high Sep.25).