21 Jan 2015
AUD/USD extends decline below 0.8100
FXStreet (San Francisco) - It seems the Aussie collapse against the US Dollar is for sure as the pair tumbled over 130 pips in just two hours from 0.8230 to trade at 1-week lows below 0.8100.
The Aussie is trading under pressure following rumors that the ECB is considering €50bn in QE per month through to the end of 2016 according to Bloomberg. In addition, the BoC cut its interest rate to 0.75% and the gold fell back to the 1,284.50 level.
Currently, AUD/USD is trading at 0.8103, down 0.88% on the day, having posted a daily high at 0.8236 and low at 0.8096. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
AUD/USD levels
If the pir consolidates levels below 0.8100, it will find next supports at 0.8070 and 0.8050. To the upside, 0.8150 is the next resistances ahead of 0.8180 and 0.8230.
The Aussie is trading under pressure following rumors that the ECB is considering €50bn in QE per month through to the end of 2016 according to Bloomberg. In addition, the BoC cut its interest rate to 0.75% and the gold fell back to the 1,284.50 level.
Currently, AUD/USD is trading at 0.8103, down 0.88% on the day, having posted a daily high at 0.8236 and low at 0.8096. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
AUD/USD levels
If the pir consolidates levels below 0.8100, it will find next supports at 0.8070 and 0.8050. To the upside, 0.8150 is the next resistances ahead of 0.8180 and 0.8230.