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Forex pairs in this Article » AUD/USD
FXstreet.com (Barcelona) - Aussie is currently having a decent hit last at fresh session lows 1.0413 falling from previous session highs at 1.0446, following slightly lower than expected China manufacturing PMI at 50.4 when consensus was 50.9. Australia is one of the most affected by the mild recovery taking place in China as the data shows, given trade relations to each other.

The pair goes back to its initial weekly starting price, hitting fresh lows against Kiwi, at its lowest since Aug 2011. The double weekly low around 1.0380 AUDUSD looks now as the key bid line to watch in the nearest term, while so far price has stalled ahead of the 1.0400 round number.

Immediate support to the downside for AUDUSD lies at past Friday's/Tuesday's lows 1.0402, followed by Monday's/yesterday's lows at 1.0381/79, and Nov 09 lows at 1.0360. To the upside, closest resistance shows at Monday's highs 1.0420, followed by yesterday's highs at 1.0451, and Tuesday's weekly highs at 1.0477.
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