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16 Aug 2013
AUD/USD rejected from 0.9180
FXstreet.com (Edinburgh) -The Aussie dollar is hovering over the mid 0.9100s on Friday, after the AUD/USD was rejected from the boundaries of 0.9180 overnight.
AUD/USD recover ground post-US data
After dipping to the boundaries of 0.9060 post-US jobs data, softer manufacturing and industrial results from the US economy sparked a gradual recovery of the pair near 0.9180. While the pair extends its consolidation below the key 0.9200 handle, the RBA will publish its minutes from the last meeting on Tuesday, surely bringing in some bouts of volatility to the pair. Strategists Geoffrey Yu and Gareth Berry at UBS remain bearish on the pair, adding, “Only a closing break above resistance at 0.9209 would prolong the recent recovery to 0.9320 and then 0.9431. Support is at 0.9035 ahead of 0.8848”.
AUD/USD relevant levels
The pair is up 0.17% at 0.9155 with the next hurdle at 0.9190 (high Aub.15) ahead of 0.9221 (high Aug.12) and finally 0.9227 (low Jul.26). On the flip side, a break below 0.9111 (MA21d) would expose 0.9064 (MA10d) and then 0.9058 (low Aug.15).
AUD/USD recover ground post-US data
After dipping to the boundaries of 0.9060 post-US jobs data, softer manufacturing and industrial results from the US economy sparked a gradual recovery of the pair near 0.9180. While the pair extends its consolidation below the key 0.9200 handle, the RBA will publish its minutes from the last meeting on Tuesday, surely bringing in some bouts of volatility to the pair. Strategists Geoffrey Yu and Gareth Berry at UBS remain bearish on the pair, adding, “Only a closing break above resistance at 0.9209 would prolong the recent recovery to 0.9320 and then 0.9431. Support is at 0.9035 ahead of 0.8848”.
AUD/USD relevant levels
The pair is up 0.17% at 0.9155 with the next hurdle at 0.9190 (high Aub.15) ahead of 0.9221 (high Aug.12) and finally 0.9227 (low Jul.26). On the flip side, a break below 0.9111 (MA21d) would expose 0.9064 (MA10d) and then 0.9058 (low Aug.15).