18 Feb 2015
AUD/USD consolidates above 0.7800
FXStreet (Edinburgh) - The Aussie dollar is shedding some ground vs. the greenback on Wednesday, although AUD/USD is battling to keep the 0.7800 handle.
AUD/USD attention on the dollar
The pair is seeing its weekly upside interrupted around current levels, after advancing Monday and Tuesday from the 0.7740 region. Data wise in Oz, the Leading Indicator tracked by CB improved to 0.4% during December, followed by the Westpac Leading index for the month of January, up 0.1%.
Ahead in the session, the FOMC minutes due in the European evening will set the pace in the pair via the US dollar, while the celebrations for the Chinese New Year will remove some volatility in AUD in the next days.
AUD/USD levels to watch
At the moment the pair is down 0.03% at 0.7819 with the immediate support at 0.7760 (Tenkan Sen) ahead of 0.7721 (low Feb.13) and finally 0.7670 (low Feb.12). On the upside, a breakout of 0.7842 (high Feb.10) would open the door to 0.7847 (21-d MA) and then 0.7877 (high Feb.6).
AUD/USD attention on the dollar
The pair is seeing its weekly upside interrupted around current levels, after advancing Monday and Tuesday from the 0.7740 region. Data wise in Oz, the Leading Indicator tracked by CB improved to 0.4% during December, followed by the Westpac Leading index for the month of January, up 0.1%.
Ahead in the session, the FOMC minutes due in the European evening will set the pace in the pair via the US dollar, while the celebrations for the Chinese New Year will remove some volatility in AUD in the next days.
AUD/USD levels to watch
At the moment the pair is down 0.03% at 0.7819 with the immediate support at 0.7760 (Tenkan Sen) ahead of 0.7721 (low Feb.13) and finally 0.7670 (low Feb.12). On the upside, a breakout of 0.7842 (high Feb.10) would open the door to 0.7847 (21-d MA) and then 0.7877 (high Feb.6).