AUD/USD settled down in a range following fast action in recent days. Sparks from North Korea or ? Here’s a quick update on technicals, fundamentals and community trends.
AUD to USD in a trading range.
AUD/USD Technicals
- Asian session: Â AUD USD traded in the high end of the range..
- Current Range: 0.9725 to 0.9860
- Further levels in both directions: Below  0.9725, 0.9660. Above 0.9863, 0.9915, 1.0000, 1.0080, 1.0180, 1.0220, 1.03.
- Parity is a big technical hurdle, but unlikely to be tackled in current conditions.
- Significant support is at 0.9660.
AUD/USD Fundamentals
- 00:30 Australian Private Capital Expenditure. Exp. +3.2%.Actual +6.2%. Big surprise.
- 22:30 Glenn Stevens talks. He always rocks the Aussie.
AUD/USD Sentiment
- North Korean attack on South Korea surprises the world and triggers risk aversive trading. The Aussie is sensitive to this news, but the ceasefire eases pressures.
- Contagion spreading: Fears that Spain and Italy will also need bailout packages impacts the whole world, not only the Euro. European debt issues hurt the Aussie. Spanish bonds reached a record high.
- Light Thanksgiving trading means that the markets will probably hardly move until a major news, from Europe for example, can rock the markets on thin trading volume.
- Currensee Community: 92% are short, 8% are long. 374 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD.
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