8 Oct 2014
AUD/USD unrattled on Chinese data
FXStreet (Barcelona) - AUD/USD is trading at 0.8785, down -0.37% on the day, having posted a daily high at 0.8831 and low at 0.8781.
AUD/USD is unchanged on a benign release from China who have returned to the scene after a weeks holiday. HSBC Services PMI came in at 53.5 from 54.1 in August. We can now turn attention to the main event for the pair coming the forms of the FOMC minutes tonight and then the employment report from Australia will be key tomorrow. Worth noting that the Australian Bureau of Statistics put out a statement explaining that change to seasonal adjustment of monthly labour force estimates will be applied, resulting in revisions to the previously published July and August seasonally adjusted estimates.
AUD/USD noteworthy levels
Spot is presently trading at 0.8786, and next resistance can be seen at 0.8794 (Daily Classic PP), 0.8799 (Hourly 20 EMA) and 0.8818. Next support to the downside can be found at 0.8781, 0.8761 (Hourly 100 SMA), 0.8752 (Hourly 200 SMA) and 0.8727.
AUD/USD is unchanged on a benign release from China who have returned to the scene after a weeks holiday. HSBC Services PMI came in at 53.5 from 54.1 in August. We can now turn attention to the main event for the pair coming the forms of the FOMC minutes tonight and then the employment report from Australia will be key tomorrow. Worth noting that the Australian Bureau of Statistics put out a statement explaining that change to seasonal adjustment of monthly labour force estimates will be applied, resulting in revisions to the previously published July and August seasonally adjusted estimates.
AUD/USD noteworthy levels
Spot is presently trading at 0.8786, and next resistance can be seen at 0.8794 (Daily Classic PP), 0.8799 (Hourly 20 EMA) and 0.8818. Next support to the downside can be found at 0.8781, 0.8761 (Hourly 100 SMA), 0.8752 (Hourly 200 SMA) and 0.8727.