25 Jun 2014
AUD/USD slowing down awaiting US releases
FXStreet (Guatemala) - AUD/USD is trading at 0.9362, down -0.06% on the day, having posted a daily high at 0.9373 and low at 0.9354.
AUD/USD is slowing up here on the downside, catching a breath while markets are consolidating on previous sessions that came with upbeat US data and ahead of further second tier releases to follow in the week. Imre Speizer at Westpac explains that these are including the third and final release for Q1 GDP (to probably nearer -2% annualised!), durable goods orders, Michigan and Conference board consumer confidence, and the Markit and Richmond Fed surveys. “June Empire and NAHB both came in stronger than expected hinting at another round of decent looking PMIs. Plosser, Williams, Lacker and Bullard are on the speakers podium”. Meanwhile AUD/USD spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
AUD/USD Levels
Spot is presently trading at 0.9363, and next resistance can be seen at 0.9366 (Yesterday's Low), 0.9368 (Daily Open), 0.9373 (Daily High), 0.9381 (Weekly Classic PP) and 0.9384 (Hourly 20 EMA). Next support to the downside can be found at 0.9361 (Daily 20 SMA), 0.9354 (Daily Low), 0.9344 (Daily Classic S1), 0.9338 (Weekly Low) and 0.9328 (Weekly Classic S1).
AUD/USD is slowing up here on the downside, catching a breath while markets are consolidating on previous sessions that came with upbeat US data and ahead of further second tier releases to follow in the week. Imre Speizer at Westpac explains that these are including the third and final release for Q1 GDP (to probably nearer -2% annualised!), durable goods orders, Michigan and Conference board consumer confidence, and the Markit and Richmond Fed surveys. “June Empire and NAHB both came in stronger than expected hinting at another round of decent looking PMIs. Plosser, Williams, Lacker and Bullard are on the speakers podium”. Meanwhile AUD/USD spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
AUD/USD Levels
Spot is presently trading at 0.9363, and next resistance can be seen at 0.9366 (Yesterday's Low), 0.9368 (Daily Open), 0.9373 (Daily High), 0.9381 (Weekly Classic PP) and 0.9384 (Hourly 20 EMA). Next support to the downside can be found at 0.9361 (Daily 20 SMA), 0.9354 (Daily Low), 0.9344 (Daily Classic S1), 0.9338 (Weekly Low) and 0.9328 (Weekly Classic S1).