8 Dec 2014
AUD/USD down and further into bears layer
FXStreet (Guatemala) - AUD/USD is trading at 0.8298, down -0.33% on the day, having posted a daily high at 0.8326 and low at 0.8293.
AUD/USD moves on lower and falls into the 0.8290’s. China, amongst Australia’s own data of late and a positive US Jobs report, is continuing to add pressure on the Aussie.
Just out today, China’s imports weigh on the AUD/USD with the country’s trade balance that came in at $54.5bn vs an expected $43.95 on a prior $45.91bn. 0.8200 on the weekly charts has little ahead of it in terms of technical barriers and thus the 0.800 psychological level is fully exposed in a continuation of bearish sentiment for the major.
AUD/USD moves on lower and falls into the 0.8290’s. China, amongst Australia’s own data of late and a positive US Jobs report, is continuing to add pressure on the Aussie.
Just out today, China’s imports weigh on the AUD/USD with the country’s trade balance that came in at $54.5bn vs an expected $43.95 on a prior $45.91bn. 0.8200 on the weekly charts has little ahead of it in terms of technical barriers and thus the 0.800 psychological level is fully exposed in a continuation of bearish sentiment for the major.