22 Jan 2015
AUD/USD posts fresh 2-Week Lows, trades below 0.81 handle
FXStreet (Mumbai) - The Aussie continued its descent for the fourth straight session after disappointing Oz data continued to weigh on the market sentiments.
Currently, the AUD/USD traded at 0.8063 levels, down -0.27% on the day. The AUD/USD pair inched lower on easing inflation expectations after MI inflation expectations showed a decline to 3.2% in December from 3.4% in November. While, HIA new home sales showed a 2.2% rise in December against a gain of 3.0% in November.
Meanwhile, AUD/USD may remain pressured as the USD gains against major currencies ahead of European Central Bank (ECB) meeting later today.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8104 (Today’s High) levels, above which gains could be extended to 0.8132 levels. On the flip side, support is seen at 0.8034 from here it to 0.80 levels.
Currently, the AUD/USD traded at 0.8063 levels, down -0.27% on the day. The AUD/USD pair inched lower on easing inflation expectations after MI inflation expectations showed a decline to 3.2% in December from 3.4% in November. While, HIA new home sales showed a 2.2% rise in December against a gain of 3.0% in November.
Meanwhile, AUD/USD may remain pressured as the USD gains against major currencies ahead of European Central Bank (ECB) meeting later today.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8104 (Today’s High) levels, above which gains could be extended to 0.8132 levels. On the flip side, support is seen at 0.8034 from here it to 0.80 levels.