After bottoming out in the vicinity of 0.7640, AUD/USD managed to gather traction and advanced to the boundaries of 0.7700 the figure.
AUD/USD depressed by data, focus on Stevens
The pair is extending the weekly decline today, remaining in the area of multi-year lows around the mid-0.7600s. The USD dynamics and recent further easing by the RBA continue to hurt the AUD, which failed to recover some ground after the domestic labour market disappointed expectations earlier on today.
Moving forward to Friday’s calendar, Governor G.Stevens will hold a speech tonight, ahead of Chinese New Loans and CB Leading Economic Index.
AUD/USD levels to watch
The pair is now down 0.42% at 0.7476 with the next support at 0.7627 (low Feb.3) followed by 0.7600 (psychological level) and finally 0.7451 (low May 18 2009). On the other hand a breakout of 0.7769 (10-d MA) would expose 0.7795 (high Feb.11) and then 0.7842 (high Feb.10).
AUD/USD depressed by data, focus on Stevens
The pair is extending the weekly decline today, remaining in the area of multi-year lows around the mid-0.7600s. The USD dynamics and recent further easing by the RBA continue to hurt the AUD, which failed to recover some ground after the domestic labour market disappointed expectations earlier on today.
Moving forward to Friday’s calendar, Governor G.Stevens will hold a speech tonight, ahead of Chinese New Loans and CB Leading Economic Index.
AUD/USD levels to watch
The pair is now down 0.42% at 0.7476 with the next support at 0.7627 (low Feb.3) followed by 0.7600 (psychological level) and finally 0.7451 (low May 18 2009). On the other hand a breakout of 0.7769 (10-d MA) would expose 0.7795 (high Feb.11) and then 0.7842 (high Feb.10).
