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11 Aug 2014
AUD/USD comes with a negative bias
FXStreet (Guatemala) - AUD/USD is trading at 0.9261, down -0.17% on the day, having posted a daily high at 0.9288 and low at 0.9259.
AUD/USD is starting out the week with a bearish bias with last weeks jobless rate in mind that supports the RBA’s dovish stance of late. Meanwhile, analysts at TD Securities explained that they expect businesses will be a little more optimistic about the future in July this week, although the net balance for employment will be our focus after last week’s employment report shocker. “We expect a jump in the Westpac consumer sentiment in August given the recovery in the weekly ANZ-Roy Morgan measure. Wages growth is expected to be subdued in Q2 (+0.7%/qtr or 2.6%/yr) with the legislated lift in minimum wages not effective until Q3”.
AUD/USD Levels
Current price is 0.9261, with resistance ahead at 0.9268 (Hourly 20 EMA) and 0.9277 (Daily Open). Next support to the downside can be found at 0.9246 (Daily Classic S1), 0.9218 (Weekly Classic S1) and 0.9217 (Daily Classic S2).
AUD/USD is starting out the week with a bearish bias with last weeks jobless rate in mind that supports the RBA’s dovish stance of late. Meanwhile, analysts at TD Securities explained that they expect businesses will be a little more optimistic about the future in July this week, although the net balance for employment will be our focus after last week’s employment report shocker. “We expect a jump in the Westpac consumer sentiment in August given the recovery in the weekly ANZ-Roy Morgan measure. Wages growth is expected to be subdued in Q2 (+0.7%/qtr or 2.6%/yr) with the legislated lift in minimum wages not effective until Q3”.
AUD/USD Levels
Current price is 0.9261, with resistance ahead at 0.9268 (Hourly 20 EMA) and 0.9277 (Daily Open). Next support to the downside can be found at 0.9246 (Daily Classic S1), 0.9218 (Weekly Classic S1) and 0.9217 (Daily Classic S2).