4 Dec 2014
AUD/USD tipping the scales through 0.84 once again
FXStreet (Guatemala) - AUD/USD is trading at 0.8396, down -0.09% on the day, having posted a daily high at 0.8410 and low at 0.8386.
AUD/USD is pressing down through the 0.84 handle now without mention of news and the kiwi moves in a similar style. The Aussie is under fire and scrutiny and there is little neither support nor demand for the currency, and balancing on 0.8400 then it appears there is not much that is needed to tip the scales ahead of the support at 0.8380 and lows from yesterday’s business.
These came post the GDP misses in Australia yesterday that are presenting downside implications in respect to next years inflation and wages, especially that GDP may continue to suffer post the drop out in commodity prices of late which may impact on the economy on a forward perspective. Up next, retail sales and trade balance. Further downside levels come at 0.8363 (Daily Classic S2), 0.8342 (Weekly Classic S2) and 0.8293 (Daily Classic S3).
AUD/USD is pressing down through the 0.84 handle now without mention of news and the kiwi moves in a similar style. The Aussie is under fire and scrutiny and there is little neither support nor demand for the currency, and balancing on 0.8400 then it appears there is not much that is needed to tip the scales ahead of the support at 0.8380 and lows from yesterday’s business.
These came post the GDP misses in Australia yesterday that are presenting downside implications in respect to next years inflation and wages, especially that GDP may continue to suffer post the drop out in commodity prices of late which may impact on the economy on a forward perspective. Up next, retail sales and trade balance. Further downside levels come at 0.8363 (Daily Classic S2), 0.8342 (Weekly Classic S2) and 0.8293 (Daily Classic S3).