Back
1 Aug 2014
AUD/USD heavy on 0.93 handle, ticking lower
FXStreet (Guatemala) - HSBC Manufacturing PMI (Jul) missed the consensus at 51.7 vs 52.0 but up on previous 50.7.
The AUD/USD subsequently dropped below the handle of 0.93 and is buoyant here for now. The main event for the pair will be the Nonfarm payrolls in the US session and it appears markets are holding out for this as the main driver for the weeks close.
AUD/USD Levels
With spot trading at 0.9288, we can see next resistance ahead at 0.9292 (Weekly Classic S2), 0.9302 (Daily Classic PP), 0.9330 and 0.9370. Support below can be found at 0.9285 (Daily Low), 0.9279 (Yesterday's Low), 0.9271 (Daily Classic S1), 0.9260, 0.9246 (Daily Classic S2) and 0.9226 (Weekly Classic S3) and 0.9175.
The AUD/USD subsequently dropped below the handle of 0.93 and is buoyant here for now. The main event for the pair will be the Nonfarm payrolls in the US session and it appears markets are holding out for this as the main driver for the weeks close.
AUD/USD Levels
With spot trading at 0.9288, we can see next resistance ahead at 0.9292 (Weekly Classic S2), 0.9302 (Daily Classic PP), 0.9330 and 0.9370. Support below can be found at 0.9285 (Daily Low), 0.9279 (Yesterday's Low), 0.9271 (Daily Classic S1), 0.9260, 0.9246 (Daily Classic S2) and 0.9226 (Weekly Classic S3) and 0.9175.