AUD/USD s struggling around the important line after mixed data was released in Australia. Today’s busy calendar promises lots of action? Here’s a quick update on technicals, fundamentals and community trends.
AUD to USD struggling
AUD/USD Technicals
- Asian session: Â AUD USD dropped on the release of retail sales, up to 0.9620 and recovered.
- Current Range: Â 0.9660 to 0.9724.
- Further levels in both directions: Below  0.9660, 0.9540, 0.9460, 0.9366. Above 0.9725, 0.9863, 0.9915, 1.0000, 1.0080, 1.0180, 1.0220, 1.03.
- 0.9660 continues to be an important line.
- 0.9540 proved to be strong support.
AUD/USD Fundamentals
- 00:30 Australian Retail Sales. Exp. +0.4%. Actual -1.1% – big disappointment.
- 00:30 Australian Trade Balance. Exp. +2 billion. Actual +2.6 billion. Good figure.
- 13:30 US Unemployment Claims. Exp. 425K.
- 15:00 US Pending Home Sales. Exp. -0.7%.
- 17:30 US FOMC member James Bullard talks.
- 19:00 US FOMC member Elizabeth Duke talks.
AUD/USD Sentiment
- The American Non-Farm Payrolls are getting closer, and today we have an important indicator towards this event – jobless claims.
- North Korean attack on South Korea surprises the world and triggers risk aversive trading. The Aussie is sensitive to this news, but the Korean tensions are slowly defusing as the naval exercise ends.
- Contagion slowing on high hopes that the ECB will buy large amounts of European bonds, lowering yields and allowing further bond auction by debt laden countries.
- Currensee Community: 93% are short, 7% are long. 370 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD.
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