AUD/USD is lower today, showing relative weakness after having shown relative strength in recent sessions. The Aussie was the weakest currency of the day.
Here’s a quick update on technicals, fundamentals and community trends.
Here’s a quick update on technicals, fundamentals and community trends.
AUD/USD Technicals
- Previous sessions: Aussie was lower against the US Dollar today trading at 1.0057 at the time of this writing.
- Current range: 1.0029 – 1.0154
- Further levels: Below: 1.0029 0.9917, 0.9840, 0.9724, 0.9960, 0.9540, 0.9465, 0.9366 Above: 1.03, 1.0255, 1.0211, 1.0180, 1.0246, 1.0080
- AUD / USD likely to find support at today’s low of 1.0029, today’s low, and resistance at 1.0255.
AUD/USD Fundamentals
- Tentative – AUD HIA New Home Sales m/m
- 12:30 US Challenger Job Cuts y/y
- 13:15 US ADP Non-Farm Employment Change
- 15:00 US ISM Non-Manufacturing PMI
- 22:30 AUD AIG Services Index
* All times are GMT.
For the major events due later in the week, see the AUD/USD forecast.
AUD/USD Sentiment
- Experts are forecasting an increase in employment numbers for non-farm and government jobs
- Slight increase in Non-manufacturing PMI expected indicating continued industry expansion
- Global markets lower on profit taking in stocks and commodities
- Experts see good upside potential over the year in AUD with China slowing down.
Currensee Community: 91% are short, 9% are long. 398 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD.
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