16 Jul 2014
AUD/USD giving way to test key support
FXStreet (Guatemala) - Currently, AUD/USD is trading at 0.9344, down -0.27% on the day, having posted a daily high at 0.9377 and low at 0.9340.
AUD/USD was a delayed reaction to the Chinese data and has broken to the downside and breaking out of the tight ranges and sideways channel testing a June and July’s support. China's GDP figures for the second quarter of 2014 came above/ expectations, printing +2% vs +1.8% exp and 1.4% previous, with the annual reading for Q2 coming at +7.5% vs +7.4% exp and +7.4% last.
AUD/USD Levels
Current price is 0.9345, with resistance ahead at 0.9349 (Yesterday's Low), 0.9370 (Hourly 20 EMA), 0.9370 (Weekly Low), 0.9371 (Daily Open) and 0.9374 (Daily Classic PP). Next support to the downside can be found at 0.9344 (Daily Classic S1), 0.9340 (Daily Low), 0.9338 (Monthly Low), 0.9335 (Weekly Classic S1) and 0.9319 (Daily Classic S2).
AUD/USD was a delayed reaction to the Chinese data and has broken to the downside and breaking out of the tight ranges and sideways channel testing a June and July’s support. China's GDP figures for the second quarter of 2014 came above/ expectations, printing +2% vs +1.8% exp and 1.4% previous, with the annual reading for Q2 coming at +7.5% vs +7.4% exp and +7.4% last.
AUD/USD Levels
Current price is 0.9345, with resistance ahead at 0.9349 (Yesterday's Low), 0.9370 (Hourly 20 EMA), 0.9370 (Weekly Low), 0.9371 (Daily Open) and 0.9374 (Daily Classic PP). Next support to the downside can be found at 0.9344 (Daily Classic S1), 0.9340 (Daily Low), 0.9338 (Monthly Low), 0.9335 (Weekly Classic S1) and 0.9319 (Daily Classic S2).