The Aussie traded lower Monday against the US Dollar on thin holiday trading following investor doubt on a resolution to Greece’s looming debt crisis. The Aussie was trading at 1.0681, down 0.23% at the time of this writing.
Here’s a quick update on technicals, fundamentals and community trends.
- Previous sessions: The Aussie traded mostly sideways early in the session, climbing slightly higher to its high f the day late in the morning and then progressively falling throughout the remainder of the session to its current level.
- Current range: 1.0676 – 1.0725
- Further levels: Below: 1.0025, 1.0045, 1.0145 Above: 1.0785 1.0795, 1.0825
- AUD / USD likely to find support at 1.0441, and resistance at a high of 1.0656.
- 02:00 New Zealand NBNZ Business Confidence Prev. 14.2
- 02:30 Australia Building Approvals m/m Exp. -1.7% Prev. 9.1%
- 02:30 Australia Current Account Exp. -10.1B -7.3B
- 2:30 Australia Private Sector Credit m/m Exp. 0.5% Prev. 0.6%
- 14:00 US S&P/CS Composite-20 HPI y/y Exp. -3.5% Prev. -3.3%
- 14:45 US Chicago PMI Exp. 64.2 Prev. 67.6
- 15:00 US CB Consumer Confidence Exp. 66.2 Prev. 65.4
* All times are GMT.
For the major events due later in the week, see the AUD/USD forecast.
- New Zealand’s trade surplus grew twice more than expected for the month of April.
- Australia is expecting a 1.0% decline in GDP for the first quarter as a result of the natural disasters that hit Australia during the first quarter.
Currensee Community: 51% are short, 49% are long. 287 open positions in real accounts trading this pair at the moment. The community is slightly bearish on expectations of future levels of the pair ahead.Get the 5 most predictable currency pairs