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AUD/USD

FXStreet (Guatemala) - AUD/USD is trading at 0.8885, up 0.50% on the day, having posted a daily high at 0.8900 and low at 0.8839.

AUD/USD slipped on the back of a stronger greenback overall across the board yesterday while general market sentiment around the Fed has been dictating the price to some extent. Today, AUD/USD was resisting the pressures and was however put back onto stable ground from a soft 0.8845 to 0.8880. The Aussie bulls enjoyed news that Chinese Central Bank head’s replacement will bring a more proactive economic policy to the country, as noted by Valeria Bednarik, chief analyst at FXStreet. Today we await RBA’s Stevens who will be talking and there maybe the mention of the AUD so we ill be paying close attention as usual to his language.

AUD/USD support and resistance levels

Support levels: 0.8860 0.8830 0.8800

Resistance levels: 0.8920 0.8950 0.8990

GBP/USD hovering around 1.6340

Cable lost ground against the US dollar on Wednesday. During the Asian session and on European hours GBP/USD traded above 1.6400, but like it happen on Tuesday, failed to rally above 1.6410.
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