Forex: AUD/USD sidelined around 1.0460
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AUD/USD
FXstreet.com (Barcelona) - The Australian dollar is orbiting around 1.0460 on Monday, trading in a very narrow range and waiting for the EU finmin gathering, as it would be the main risk event today.
Next on tap in the Australian economy, the Construction Work Done for the third quarter will be published on Wednesday. Consensus expects the headline to improve to +2.2% from the previous contraction of 0.2%.
The cross is now posting meagre gains at 1.0459 or +0.01% facing the next hurdle at 1.0480 (high Nov.7) followed by 1.0519 (high Sep.21) and then 1.0545 (hourly high/low Sep.17).
On the downside, a break below 1.0425 (high Nov.20) would bring 1.0400 (high Nov.22) and finally 1.0385 (hourly high/low Nov.23).
Next on tap in the Australian economy, the Construction Work Done for the third quarter will be published on Wednesday. Consensus expects the headline to improve to +2.2% from the previous contraction of 0.2%.
The cross is now posting meagre gains at 1.0459 or +0.01% facing the next hurdle at 1.0480 (high Nov.7) followed by 1.0519 (high Sep.21) and then 1.0545 (hourly high/low Sep.17).
On the downside, a break below 1.0425 (high Nov.20) would bring 1.0400 (high Nov.22) and finally 1.0385 (hourly high/low Nov.23).
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