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AUD/USD dumped to test out 0.9310’s resilience

FXStreet (Guatemala) - AUD/USD is trading at 0.9314, down -0.15% on the day, having posted a daily high at 0.9339 and low at 0.9310.

AUD/USD has dropped sharply on the back of a burst of energy through the greenback with Yen stops triggered through the 104.50 barrier. The move was followed by Australian data. Australian Building Approvals that rose 2.5% m/m vs 1.9% expected and the Australian Current Account Deficit that reads13.7 bln vs 14.0 bln expected. Next up we get the RBA decision, so some consolidation may be expected before the statement from the Central Bank.

AUD/USD hourly levels

With spot trading at 0.9314, we can see next resistance ahead at 0.9321 and 0.9329 (Weekly Classic PP). Support below can be found at 0.9310 0.9299 and 0.9282 (Weekly Classic S1).

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