AUD/USD Dec. 30 – Relaxing After Breaking Record

AUD/USD reached new float-era highs but then retreated back, still in the high range. With a few interesting releases, a strong finish is expected to this year.  Here’s a quick update on technicals, fundamentals and community trends.

AUD to USD back in range

AUD/USD Technicals

• Previous sessions:  AUD/USD made a fresh multi-year high, almost at 1.02.
• Current Range:  1.0080 to 1.0180.
• Further levels in both directions: Below  1.0080, 1, 0.9915, 0.9840, 0.9725, 0.9660, 0.9540, 0.9460, 0.9366. Above    1.0180, 1.0200, 1.03.
• AUD USD Parity now strong and even far support.
• Uncharted territory is very close.

AUD/USD Fundamentals

• 13:30 US Unemployment Claims. Exp. 416K.
• 14:45 US  Chicago PMI. Exp. 61.2 points.
• 15:00 US Pending Home Sales. Exp. +1.8%
• 00:30 (Friday) Australian Private Sector Credit. Exp. +0.2%.

* All times are GMT.

For the major events due later in the week, see the AUD/USD forecast.

AUD/USD Sentiment

• No bad news from Europe in this holiday week, help push the Aussie higher on risk appetite.
• Fears of a housing bubble in Australia also made way for some hope.
• The Chinese rate hike had an immediate and negative impact on the Aussie at the beginning of the week, but then faded away and it’s old news now.
• Currensee Community: 93% are short, 7% are long. 385 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD.

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