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9 Sep 2013
AUD/USD gives in 0.92; heading ground
FXstreet.com (Chicago) - AUD/USD reached 0.9214 momentarily to be dragged by stronger gravitational pull as bears outweigh bulls ahead of key Chinese and housing market data.
Does Australia go pro-business?
Abbot won against the former Australian Prime Minister Kevin Rudd during this past weekend’s federal elections. He made sure to clarify the “incoming government will be getting down to business” to reverse weak results affecting the country. The US digests NFP poor results ahead of Congress’ vote to attack Syria tomorrow and possible Fed’s tapering next September 17th-18th.
AUD/USD Technical Levels
Price action reveals a weaker Aussie despite slightly bullish FXstreet.com trend index assessment. The pair trades at 0.9174 between supports at 0.9133 (August 18th highs), 0.9091 (August 20th highs) ahead of 0.9058 (August 21st highs) and resistances at 0.9188 (September 4th highs), 0.9233 (August 16th highs) followed by 0.9292 (July 26th highs). The price remains above the EMA20 despite retracement from highs.
Does Australia go pro-business?
Abbot won against the former Australian Prime Minister Kevin Rudd during this past weekend’s federal elections. He made sure to clarify the “incoming government will be getting down to business” to reverse weak results affecting the country. The US digests NFP poor results ahead of Congress’ vote to attack Syria tomorrow and possible Fed’s tapering next September 17th-18th.
AUD/USD Technical Levels
Price action reveals a weaker Aussie despite slightly bullish FXstreet.com trend index assessment. The pair trades at 0.9174 between supports at 0.9133 (August 18th highs), 0.9091 (August 20th highs) ahead of 0.9058 (August 21st highs) and resistances at 0.9188 (September 4th highs), 0.9233 (August 16th highs) followed by 0.9292 (July 26th highs). The price remains above the EMA20 despite retracement from highs.