12 Jan 2015
AUD/USD declines from a one-month high
FXStreet (Mumbai) - The AUD/USD pair trades in red after hitting a one-month high of 0.8251 earlier today, as markets send USD higher across the board on divergent monetary policy expectations.
The pair now trades 0.18% lower for the day at 0.8187, compared to the previous session’s close at 0.8205 levels. The Aussie data released earlier today painted a mixed picture, with a strong rise in Job advertisements in December, accompanied by a decline in home loans in November. Overall, the mixed Aussie data failed to shift the market focus from the fact that the Federal Reserve (Fed) is on the track to raise interest rates this year. Consequently, the AUD/USD pair fell from a one-month high to trade lower at 0.8187 levels.
AUD/USD Technical Levels
The immediate support is located at 0.8181 (Dec. 30th close), under which the pair could fall to 0.8157 (5-DMA). Meanwhile, resistance is seen at 0.8214 (Dec. 31st high) and 0.8251 levels.
The pair now trades 0.18% lower for the day at 0.8187, compared to the previous session’s close at 0.8205 levels. The Aussie data released earlier today painted a mixed picture, with a strong rise in Job advertisements in December, accompanied by a decline in home loans in November. Overall, the mixed Aussie data failed to shift the market focus from the fact that the Federal Reserve (Fed) is on the track to raise interest rates this year. Consequently, the AUD/USD pair fell from a one-month high to trade lower at 0.8187 levels.
AUD/USD Technical Levels
The immediate support is located at 0.8181 (Dec. 30th close), under which the pair could fall to 0.8157 (5-DMA). Meanwhile, resistance is seen at 0.8214 (Dec. 31st high) and 0.8251 levels.