AUD/USD lost ground and is now at lower support, after receiving economic data that was inline with expectations. It still has room towards a more important support line. Here’s a quick update on technicals, fundamentals and community trends.
AUD to USD unable to recover.
AUD/USD Technicals
- Asian session: Â The Aussie traded in a limited range.
- Current Range: 0.9750 to 0.9863
- Further levels in both directions: Below  0.9750, 0.9660. Above 0.9863, 0.9915, 1.0000, 1.0080, 1.0180, 1.0220, 1.03.
- The pair is now struggling with 0.9750.
- Significant support is at 0.9660.
AUD/USD Fundamentals
All times are GMT. Most important events emphasized.
- 23:30 (Tuesday) Australian MI Leading Index – 0%.
- 00:30 Australian Wage Price Index. Exp. +1.1%. Actual +1.1%.
- 13:00 US FOMC member Eric Rosengren talks.
- 13:00 US CPI. Exp. +0.3%. Core CPI exp. +0.1%.
- 13:30 US Building Permits. Exp. 570K.
- 13:30 US Housing Starts. Exp. 590K.
- 14:15 US FOMC member James Bullard talks.
AUD/USD Sentiment
- Talks about China limiting foreign activity in China sent the Shanghai stock exchange 5% lower, hurting the Aussie as well. This move on Friday still has an impact on the Aussie.
- Fears that Spain and Italy will also need bailout packages impacts the whole world, not only the Euro. European debt issues hurt the Aussie.
- Currensee Community: 85% are short, 15% are long. 330 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD.
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