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AUD/USD licked its wounds and rebounded to 0.9250 area

FXStreet (Moscow) - AUD/USD dipped to 1.5-month low of 0.9236 where the downside was stopped by fresh buying interest. Currently, the pair has recovered to 0.9250 area.

Rainy days for Aussie

AUD/USD failed to stay above 0.9300 on Wednesday due to somewhat dovish comment from RBA's head Stevens and USD strengthening across the board. FOMC minutes were regarded as slightly hawkish, though it is obviously too early to speak about monetary policy tightening. This idea supported USD buying and kept AUD/USD below 0.93 pivot. Poor Chinese PMI data added fuel to the fire. The Australian economy is sensitive to the Chinese economic activity, thus, any sighs of Chinese slowdown is negative for the Aussie. Later during the day the Aussie may show range-bound moves ahead of Jackson Hall event. From the technical point of view keep an eye on current Asian low at 0.9236. Once it is broken, the downside may be extended towards the option barrier at 0.9220. On the upside resistance is seen at 0.9292 (current Asian high), and followed by area of strong offers at 0.9320.

What are today’s key AUD/USD levels?

Today's central pivot point can be found at 0.9294, with support below at 0.9249 and 0.9223, with resistance above at 0.9333, 0.9363 and 0.9379. Hourly Moving Averages are bearish with the 200SMA at 0.9297 and the daily 20EMA bearish at 0.9321. Hourly RSI is bearish at 31.

EUR/JPY bulls take a break at 137.58

EUR/JPY returned to the opening level of 137.58 after moving in a range limited by 137.73 on the upside and 137.46 on the downside.
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