10 Oct 2013
AUD/USD grinds sideways for third straight day. Upside to 0.9570 ahead?
FXstreet.com (Barcelona) - The AUD/USD cross managed to recover twice Wednesday even after Aussie Consumer Confidence data surprised on the downside early on in the session.
AUD/USD traders got caught off guard by sour data
Australian Consumer Confidence data came out last night and blind-sided the growing bullish crowd surrounding the Aussie Dollar, AUD/USD and the Australian economy in general last night. Traders and analysts will be watching to see if that negative surprise turns into multiple bearish data points.
AUD/USD traders Thursday will be reacting to Aussie Consumer Inflation data, Australian employment data, US import/export prices, US weekly jobless claims, multiple Fed Head speeches and the US 30-Year Bond auction.
Technical outlook for AUD/USD
The AUD/USD faces resistance at Tuesday’s high of 0.9483 says the technical crowd. The next projected target on the upside on a breakout is 0.9527. First support comes in at 0.9282 and if it fails the next possible support is 0.9253.
AUD/USD traders got caught off guard by sour data
Australian Consumer Confidence data came out last night and blind-sided the growing bullish crowd surrounding the Aussie Dollar, AUD/USD and the Australian economy in general last night. Traders and analysts will be watching to see if that negative surprise turns into multiple bearish data points.
AUD/USD traders Thursday will be reacting to Aussie Consumer Inflation data, Australian employment data, US import/export prices, US weekly jobless claims, multiple Fed Head speeches and the US 30-Year Bond auction.
Technical outlook for AUD/USD
The AUD/USD faces resistance at Tuesday’s high of 0.9483 says the technical crowd. The next projected target on the upside on a breakout is 0.9527. First support comes in at 0.9282 and if it fails the next possible support is 0.9253.