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7 Aug 2014
AUD/USD awaits key impacting date releases
FXStreet (Guatemala) - AUD/USD is trading at 0.9348, down -0.07% on the day, having posted a daily high at 0.9358 and low at 0.9347.
AUD/USD is subject to the forthcoming labour market report and markets are predicting this data to come in solid for the economy. We then have the quarterly Statement of Monetary Policy from the RBA tomorrow. Analysts at TD Securities explained that, not to be forgotten, the private banking survey hints at a pickup in home loans after a soft couple of months (TD and mkt +0.5%), released the same time as the SoMP.
AUD/USD Levels
Current price is 0.9351, with resistance ahead at 0.9363 (Daily 20 SMA), 0.9375 (Daily High),0.9420 and 0.9460. Next support to the downside can be found at 0.9344 (Hourly 200 SMA), 0.9330, 0.9300 and 0.9260.
AUD/USD is subject to the forthcoming labour market report and markets are predicting this data to come in solid for the economy. We then have the quarterly Statement of Monetary Policy from the RBA tomorrow. Analysts at TD Securities explained that, not to be forgotten, the private banking survey hints at a pickup in home loans after a soft couple of months (TD and mkt +0.5%), released the same time as the SoMP.
AUD/USD Levels
Current price is 0.9351, with resistance ahead at 0.9363 (Daily 20 SMA), 0.9375 (Daily High),0.9420 and 0.9460. Next support to the downside can be found at 0.9344 (Hourly 200 SMA), 0.9330, 0.9300 and 0.9260.