3 Dec 2014
AUD/USD pressures continue to mount
FXStreet (Guatemala) - AUD/USD is trading at 0.8402, down -0.53% on the day, having posted a daily high at 0.8469 and low at 0.8388.
AUD/USD has popped lower again to test the 0.84 handle in an extension of the weeks losses’ so far and remains in highly bearish territory while below the 0.8440 mark. The greenback remains bid, claiming new scores on the board across a basket of currencies and a five-year high’s on the DXY.
The Aussie is under continued pressure with China printing poor data commodities on their knees all contributing to macro developments that are encouraging analysts to predict required action from the RBA in 2015.
AUD/USD noteworthy levels
Spot is presently trading at 0.8402, and next resistance can be seen at 0.8405 (Daily Classic S1), 0.8423 (Hourly 20 EMA), 0.8426 (Weekly Classic S1), 0.8433 (Yesterday's Low) and 0.8447 (Daily Open). Next support to the downside can be found at 0.8388 (Daily Low), 0.8363 (Daily Classic S2), 0.8342 (Weekly Classic S2), 0.8293 (Daily Classic S3) and 0.8203 (Weekly Classic S3).
AUD/USD has popped lower again to test the 0.84 handle in an extension of the weeks losses’ so far and remains in highly bearish territory while below the 0.8440 mark. The greenback remains bid, claiming new scores on the board across a basket of currencies and a five-year high’s on the DXY.
The Aussie is under continued pressure with China printing poor data commodities on their knees all contributing to macro developments that are encouraging analysts to predict required action from the RBA in 2015.
AUD/USD noteworthy levels
Spot is presently trading at 0.8402, and next resistance can be seen at 0.8405 (Daily Classic S1), 0.8423 (Hourly 20 EMA), 0.8426 (Weekly Classic S1), 0.8433 (Yesterday's Low) and 0.8447 (Daily Open). Next support to the downside can be found at 0.8388 (Daily Low), 0.8363 (Daily Classic S2), 0.8342 (Weekly Classic S2), 0.8293 (Daily Classic S3) and 0.8203 (Weekly Classic S3).