19 Jan 2015
AUD/USD struggles near 0.8200
FXStreet (Edinburgh) - The Aussie dollar is clinging to the 0.8200 handle in the last part of Monday’s session, with AUD/USD keeping the trade between 0.8240 and 0.8200.
AUD/USD eyes on Chinese data
Absent docket in Oz tomorrow, AUD’s price action will surely hinge on the Chinese releases due early in the Asian session: consensus expects the GDP to have expanded at an annual pace of 7.2% during the fourth quarter, slightly lower than the previous expansion of 7.3%; inter-quarter, the GDP would have grown 1.7%. Further data for the month of December will show Industrial Production figures (7.4% YoY) and Retail Sales (11.7% YoY).
AUD/USD key levels
As of writing the pair is losing 0.34% at 0.8206 with the next support at 0.8161 (10-d MA) followed by 0.8134 (low Jan.15) and finally 0.8068 (low Jan.14). On the flip side, a break above 0.8244 (hourly high Jan.19) would aim for 0.8256 (high Jan.16) and then 0.8295 (high Jan.15).
AUD/USD eyes on Chinese data
Absent docket in Oz tomorrow, AUD’s price action will surely hinge on the Chinese releases due early in the Asian session: consensus expects the GDP to have expanded at an annual pace of 7.2% during the fourth quarter, slightly lower than the previous expansion of 7.3%; inter-quarter, the GDP would have grown 1.7%. Further data for the month of December will show Industrial Production figures (7.4% YoY) and Retail Sales (11.7% YoY).
AUD/USD key levels
As of writing the pair is losing 0.34% at 0.8206 with the next support at 0.8161 (10-d MA) followed by 0.8134 (low Jan.15) and finally 0.8068 (low Jan.14). On the flip side, a break above 0.8244 (hourly high Jan.19) would aim for 0.8256 (high Jan.16) and then 0.8295 (high Jan.15).