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The Australian dollar is falling hard versus its American counterpart following the ECB rumors that the bank is considering €50bn in QE per month through to the end of 2016 according to Bloomberg.
In addition, the BoC cut its interest rate to 0.75% and the gold is falling back to the 1,284.80 level.
Earlier in the day, the AUD/USD rallied from 0.8165 to test daily highs around 0.8230. However, investors started to sell the Aussie following ECB rumors and in correlation with the decline in the gold.
Currently, AUD/USD is trading at 0.8159, down -0.19% on the day, having posted a daily high at 0.8236 and low at 0.8153. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
AUD/USD levels
Below the 0.8150, the AUD/USD will find next supports at 0.8130 and 0.8110. To the upside, resistances are at 0.8230, 0.8250 and 0.8295.
In addition, the BoC cut its interest rate to 0.75% and the gold is falling back to the 1,284.80 level.
Earlier in the day, the AUD/USD rallied from 0.8165 to test daily highs around 0.8230. However, investors started to sell the Aussie following ECB rumors and in correlation with the decline in the gold.
Currently, AUD/USD is trading at 0.8159, down -0.19% on the day, having posted a daily high at 0.8236 and low at 0.8153. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
AUD/USD levels
Below the 0.8150, the AUD/USD will find next supports at 0.8130 and 0.8110. To the upside, resistances are at 0.8230, 0.8250 and 0.8295.
