9 Jul 2014
AUD/USD maintaining 0.94 handle
FXStreet (Guatemala) - AUD/USD is trading at 0.9407, up 0.11% on the day, having posted a daily high at 0.9418 and low at 0.9396.
AUD/USD is undecided on the release of the recent data. The pair is oscillating in a 10-pip range. The Australia's Westpac-MI July consumer sentiment arrived at +1.9% m/m to 94.9 vs +0.2% prior. From the calendar next we have Chinese Consumer Price Index and then from the US we have the latest set of Fed minutes. Analysts at Rabobank explained that the key issue will be whether dovish messages are maintained, or if we see a suggestion that recent acceleration in the labour market (and possibly heavily-camouflaged concerns about financial market/asset bubbles) are prompting the Fed to consider bringing forward its proposed rate-hike schedule.
AUD/USD Levels
Spot is presently trading at 0.9410, and next resistance can be seen at 0.9416 (Yesterday's High), 0.9418 (Daily High), 0.9425 (Daily Classic R3), 0.9472 (Weekly Classic R1) and 0.9497 (Monthly High). Next support to the downside can be found at 0.9405 (Hourly 200 SMA), 0.9401 (Daily Classic R2), (Weekly Classic PP), 0.9400 (Daily Open) and 0.9398 (Hourly 20 EMA).
AUD/USD is undecided on the release of the recent data. The pair is oscillating in a 10-pip range. The Australia's Westpac-MI July consumer sentiment arrived at +1.9% m/m to 94.9 vs +0.2% prior. From the calendar next we have Chinese Consumer Price Index and then from the US we have the latest set of Fed minutes. Analysts at Rabobank explained that the key issue will be whether dovish messages are maintained, or if we see a suggestion that recent acceleration in the labour market (and possibly heavily-camouflaged concerns about financial market/asset bubbles) are prompting the Fed to consider bringing forward its proposed rate-hike schedule.
AUD/USD Levels
Spot is presently trading at 0.9410, and next resistance can be seen at 0.9416 (Yesterday's High), 0.9418 (Daily High), 0.9425 (Daily Classic R3), 0.9472 (Weekly Classic R1) and 0.9497 (Monthly High). Next support to the downside can be found at 0.9405 (Hourly 200 SMA), 0.9401 (Daily Classic R2), (Weekly Classic PP), 0.9400 (Daily Open) and 0.9398 (Hourly 20 EMA).