16 Jul 2014
AUD/USD oscillates in tight range on China data
FXStreet (Guatemala) - AUD/USD is trading at 0.9367, down -0.03% on the day, having posted a daily high at 0.9377 and low at 0.9354.
AUD/USD has been oscillating in a 12 pip range since the release of the Chinese data that came in sequence, with GDP taking the spot light. The readings offered a bullish picture for the economy with GDP improving year on year to 7.5% from 7.4% and Q on Q to 2.0% from 1.8%.
AUD/USD Levels
Spot is presently trading at 0.9366, and next resistance can be seen at 0.9370 (Weekly Low), 0.9371 (Daily Open), 0.9371 (Hourly 20 EMA), 0.9374 (Daily Classic PP) and 0.9377 (Daily High). Support below can be found at 0.9354 (Daily Low), 0.9349 (Yesterday's Low), 0.9344 (Daily Classic S1), 0.9338 (Monthly Low) and 0.9335 (Weekly Classic S1).
AUD/USD has been oscillating in a 12 pip range since the release of the Chinese data that came in sequence, with GDP taking the spot light. The readings offered a bullish picture for the economy with GDP improving year on year to 7.5% from 7.4% and Q on Q to 2.0% from 1.8%.
AUD/USD Levels
Spot is presently trading at 0.9366, and next resistance can be seen at 0.9370 (Weekly Low), 0.9371 (Daily Open), 0.9371 (Hourly 20 EMA), 0.9374 (Daily Classic PP) and 0.9377 (Daily High). Support below can be found at 0.9354 (Daily Low), 0.9349 (Yesterday's Low), 0.9344 (Daily Classic S1), 0.9338 (Monthly Low) and 0.9335 (Weekly Classic S1).