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9 Aug 2013
AUD/USD stands to attention on RBA and Chinese data
FXstreet.com (Barcelona) - AUD/USD dipped into the overnight session, before finding support and posting a low at 0.9086 as the RBA lowered its growth forecast before improving Chinese data pushed spot higher.
A busy night of data for the pair started early, with the RBA policy statement in which the central bank lowered its growth outlook, causing AUD/USD some mild movement. Later, a flurry of generally positive Chinese data saw the pair find some wind for its sails, encouraging the an upward drift before spot pushed higher to post a high since July 30th at 0.9153.
AUD/USD technically slightly bullish
The FXstreet trend Index is showing the pair as being slightly bullish. Daily classic Pivot point support and resistance can be found below, starting with the daily pivot at 0.9070, S1 0.9004 and S2 at 0.8905. Ahead resistance can be seen at R1 0.9169, R2 0.9235 and R3 0.9334.
A busy night of data for the pair started early, with the RBA policy statement in which the central bank lowered its growth outlook, causing AUD/USD some mild movement. Later, a flurry of generally positive Chinese data saw the pair find some wind for its sails, encouraging the an upward drift before spot pushed higher to post a high since July 30th at 0.9153.
AUD/USD technically slightly bullish
The FXstreet trend Index is showing the pair as being slightly bullish. Daily classic Pivot point support and resistance can be found below, starting with the daily pivot at 0.9070, S1 0.9004 and S2 at 0.8905. Ahead resistance can be seen at R1 0.9169, R2 0.9235 and R3 0.9334.