6 Nov 2013
AUD/USD finishes near flat line after volatile session; 0.9515 resistance held into the close
FXstreet.com (Barcelona) - AUD/USD investors netted little in gains or losses by the end of the day Tuesday. However, traders may have made money if they were nimble enough as the intraday swings were very wide.
AUD/USD traders will have plenty of data to digest Wednesday
The AUD/USD will be pushed around by the Aussie Trade Balance data, the US Challenger Job Cuts data and the Conference Board’s Index of Leading Economic Indicators for the US.
Technical outlook for AUD/USD
Technicians note that the AUD/USD has very short term support at 0.9440 – correction support and horizontal line support. Additional support comes from Monday’s intraday low of 0.9420 and is backed up by the Fibonacci retracement line at 0.9389. Resistance for the cross comes in at last Wednesday’s peak at 0.9515 and is backed up by Tuesday’s peak at 0.9536.
AUD/USD traders will have plenty of data to digest Wednesday
The AUD/USD will be pushed around by the Aussie Trade Balance data, the US Challenger Job Cuts data and the Conference Board’s Index of Leading Economic Indicators for the US.
Technical outlook for AUD/USD
Technicians note that the AUD/USD has very short term support at 0.9440 – correction support and horizontal line support. Additional support comes from Monday’s intraday low of 0.9420 and is backed up by the Fibonacci retracement line at 0.9389. Resistance for the cross comes in at last Wednesday’s peak at 0.9515 and is backed up by Tuesday’s peak at 0.9536.