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2 Jul 2014
AUD/USD tucked in below this years highs
FXStreet (Guatemala) - AUD/USD is trading at 0.9494, down -0.02% on the day, having posted a daily high at 0.9500 and low at 0.9494.
AUD/USD is settling in below 0.95 for the time being while the greenback remains on the back foot. We are reminded by Kit Juckes, Global Head of Currency Strategy at Societe Generale that China's official manufacturing PMI was in line too with expectations at 51, the best level of the year so far as the PBOC smoothes the economic adjustment. “Finally, in the Asian time zone, the RBA left rates on hold as expected, and again referring to the AUD as being at a high level historically. That triggered a little spike by AUD/USD towards the best levels of the year”.
AUD/USD Levels
With spot trading at 0.9495, we can see next resistance ahead at 0.9497 (Daily Open), 0.9500 (Daily High), 0.9501 (Weekly Classic R2), 0.9507 (Yesterday's High) and 0.9508 (Daily Classic R3). Support below can be found at 0.9494 (Daily Low), 0.9474 (Daily Classic R2), 0.9472 (Hourly 20 EMA), 0.9463 (Weekly Classic R1) and 0.9454 (Daily Classic R1).
AUD/USD is settling in below 0.95 for the time being while the greenback remains on the back foot. We are reminded by Kit Juckes, Global Head of Currency Strategy at Societe Generale that China's official manufacturing PMI was in line too with expectations at 51, the best level of the year so far as the PBOC smoothes the economic adjustment. “Finally, in the Asian time zone, the RBA left rates on hold as expected, and again referring to the AUD as being at a high level historically. That triggered a little spike by AUD/USD towards the best levels of the year”.
AUD/USD Levels
With spot trading at 0.9495, we can see next resistance ahead at 0.9497 (Daily Open), 0.9500 (Daily High), 0.9501 (Weekly Classic R2), 0.9507 (Yesterday's High) and 0.9508 (Daily Classic R3). Support below can be found at 0.9494 (Daily Low), 0.9474 (Daily Classic R2), 0.9472 (Hourly 20 EMA), 0.9463 (Weekly Classic R1) and 0.9454 (Daily Classic R1).