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Forex: AUD/USD below 1.0270 ahead of Aus CPI

FXstreet.com (Barcelona) - Quiet around the 1.0264 for last 3 hours, AUD/USD is waiting for key risk event of the Asia-Pacific in the form of CPI at 01:30 GMT, with the pair capped below the 1.0273 mark, today's highs. The Aussie has managed to bounce from yesterday's fresh 6-week lows at 1.0218 following softer than expected China HSBC PMI, though still is slightly in the negative for the week so far.

As Valeria Bednarik notes, Chief Analyst at Fxstreet.com: “The hourly chart shows price standing above a flat 20 SMA while indicators lose upward potential, holding in positive territory,” the analyst said, adding: “In the 4 hours chart technical outlook remains bearish, with 20 SMA capping the upside around 1.0280: only steady gains above this last may see a stronger recovery in the pair, with immediate target around 1.0330 price zone.”

Valeria sees support levels at: 1.0220, 1.0180 and 1.0130, while resistance levels at: 1.0280, 1.0300 and 1.0335.

Forex: USD/SGD continues higher, Singapore CPI (m/m) lowest since Oct ‘12

The USD/SGD finished the day 7 pips higher at 1.2411. The pair had at one point traded as high as 1.2426 but was unable to maintain a firm bid at higher levels and leaked slightly lower to end the day. This level also capped advances in early April and should be monitored as a key resistance pivot in coming sessions.
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Forex: EUR/USD closes below 1.3000 as German PMI data disappoints

The EUR/USD was unable to hold the 1.3000 support pivot after the German PMI print (47.9 actual vs. 49.0 est.) came in below expectations. The correlation between the EUR/USD and stocks continues to decrease as both US and European equities shrugged off the data and finished the session sharply higher.
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