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30 Jul 2015
AUD/USD coming back in to focus today
FXStreet (Guatemala) - AUD/USD is currently trading at 0.7303 with a high of 0.7306 and a low of 0.7284.
AUD/USD has had a little drift up to the 0.73 handle after a volatile day overnight with the FOMC statement. The aussie continues is southernly trajectory sub the 0.74 handle while we await Stevens talking coming up in Tokyo's opening hour at 11am local time (0100 GMT). We also have building approvals which will be a key event as we draw in for the close this week and another likely down month for the Aussie.
Technically on bearish grounds
The market is trying to recover, but the headwinds are string and technically we are in bearish territory below the MA's with further to go on the RSI (14) and we remain committed to the downside as we are approaching the base of the two year channel at 0.7188 and major support in the form of a long-term Fibonacci retracement at 0.7185 and the 14 year support line at 0.7144.
AUD/USD has had a little drift up to the 0.73 handle after a volatile day overnight with the FOMC statement. The aussie continues is southernly trajectory sub the 0.74 handle while we await Stevens talking coming up in Tokyo's opening hour at 11am local time (0100 GMT). We also have building approvals which will be a key event as we draw in for the close this week and another likely down month for the Aussie.
Technically on bearish grounds
The market is trying to recover, but the headwinds are string and technically we are in bearish territory below the MA's with further to go on the RSI (14) and we remain committed to the downside as we are approaching the base of the two year channel at 0.7188 and major support in the form of a long-term Fibonacci retracement at 0.7185 and the 14 year support line at 0.7144.