AUD/USD – Parity Reached – What Now?
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AUD/USD – Parity Reached – What Now?

AUD/USD broke above parity on global optimism. Will it hold on to parity or drop?. Here’s a quick update on technicals, fundamentals and community trends.

aud to usd parity December 14-15

AUD to USD parity taken

AUD/USD Technicals

  • Asian session:  AUD USD traded under parity and managed to take it..
  • Current Range:  1.00 to 1.0080
  • Further levels in both directions: Below  1, 0.9915, 0.9850, 0.9725, 0.9660, 0.9540, 0.9460, 0.9366. Above   1.0080, 1.0180, 1.0220, 1.03.
  • 1.0080 next hurdle.
  • AUD/USD Parity now provides support.

AUD/USD Fundamentals

  • 00:30 (Tuesday) NAB Business Confidence. Actual 6 points.
  • 13:30 US Retail Sales. Exp. +0.6%. Core Retail Sales, exp. +0.7%.
  • 13:30 US PPI. Exp. +0.6%, Core PPI exp. +0.2%.
  • 15:00 US Business Inventories. Exp. +0.9%.
  • 19:15 US Rate decision. No change expected.
  • 23:30 Westpac Consumer Sentiment
  • 00:00 (Wednesday). RBA Assistant Governor  Guy Debelle talks.

AUD/USD Sentiment

  • The chances of a rate hike in China have dropped, and this helps the Aussie.
  • Any rumor from China rocks the Australian dollar stronger than domestic figures these day.
  • Australian employment data was far better than expected, with a huge gain in jobs. This temporarily boosted the Australian dollar.
  • Also the hopes of wider solution for the European debt crisis raises optimism.
  • Weak retail sales in New Zealand weighed on the Aussie, but only for a short time.
  • Currensee Community: 85% are short, 15% are long. 396 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD.

Want to see what other traders are doing in real accounts? Check out Currensee. It’s free..

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.