30 Jul 2013
AUD/USD selling extends below 0.9180
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last trading at 0.9165, off recent fresh session and weekly lows at 0.9155 following worst Australian building permits data of 2013 at -6.9% for the month of June.
AUD/USD with a chance to head a bit lower
“Look for a day of 0.9230/0.9160 with a chance of heading a bit lower,” said FX Charts analyst Jim Langlands, adding: “Ultimately though, the movement in the Aud will be dictated by the direction of the US$ and also by data from China, where Thursday sees the Official and the HSBC Manufacturing PMI’s. Any further signs of weakness in China would put a further dent in the Aud, and given last week’s weaker flash reading, that is quite a possibility.”
AUD/USD key technical levels
Immediate support to the downside for AUD/USD lies at recent session/weekly lows 0.9155, followed by July 18 lows at 0.9136, and past Thursday's lows at 0.9127. To the upside, closest resistance shows at yesterday's/July 17 lows 0.9190, followed by July 23/Friday's lows at 0.9220/26, and July 19 highs at 0.9236.
AUD/USD with a chance to head a bit lower
“Look for a day of 0.9230/0.9160 with a chance of heading a bit lower,” said FX Charts analyst Jim Langlands, adding: “Ultimately though, the movement in the Aud will be dictated by the direction of the US$ and also by data from China, where Thursday sees the Official and the HSBC Manufacturing PMI’s. Any further signs of weakness in China would put a further dent in the Aud, and given last week’s weaker flash reading, that is quite a possibility.”
AUD/USD key technical levels
Immediate support to the downside for AUD/USD lies at recent session/weekly lows 0.9155, followed by July 18 lows at 0.9136, and past Thursday's lows at 0.9127. To the upside, closest resistance shows at yesterday's/July 17 lows 0.9190, followed by July 23/Friday's lows at 0.9220/26, and July 19 highs at 0.9236.