11 Jun 2013
AUD/USD dips below 0.945 on GS forecasts cut
FXstreet.com (Barcelona) - AUD/USD is last trading at 0.9425, off fresh session lows at 0.9414, falling from recent session highs above the 0.9450 level, on the back of Goldman Sachs cutting Australia GDP forecast and Aussie exchange rate.
The Aussie is still down -0.65% for the week so far since Chinese data through the weekend disappointed showing a lower CPI and imports/exports figures than expected. Less than 90 minutes away from domestic Home Loans and NAB Biz confidence data is published, the ASX index is up +0.27% for the day so far.
Immediate support to the downside for AUD/USD lies at recent session lows 0.9414, followed by yesterday's fresh 2.5-year lows at 0.9385, while closest resistance to the upside shows at yesterday's highs 0.9480, followed by Friday's highs at 0.9513.
The Aussie is still down -0.65% for the week so far since Chinese data through the weekend disappointed showing a lower CPI and imports/exports figures than expected. Less than 90 minutes away from domestic Home Loans and NAB Biz confidence data is published, the ASX index is up +0.27% for the day so far.
Immediate support to the downside for AUD/USD lies at recent session lows 0.9414, followed by yesterday's fresh 2.5-year lows at 0.9385, while closest resistance to the upside shows at yesterday's highs 0.9480, followed by Friday's highs at 0.9513.