AUD/USD Recaptured Important Line

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AUD/USD managed to reconquer an important line that served as resistance, and it now settles above it, as risk appetite is back in town. How will it close the week? Here’s a quick update on technicals, fundamentals and community trends.

aud to usd November 18-19

AUD to USD unable to recover.

AUD/USD Technicals

  • Thursday session:  The Aussie managed to break higher, settling above 0.9863.
  • Current Range: 0.9863 to 0.9915
  • Further levels in both directions: Below  0.9863, 0.9750, 0.9660. Above 0.9915, 1.0000, 1.0080, 1.0180, 1.0220, 1.03.
  • The barrier above, 0.9915 is minor in comparison with the next one above – AUD/USD parity.
  • Significant support is at 0.9660.

AUD/USD Fundamentals

All times are GMT. Most important events emphasized.

  • 13:30 US Unemployment Claims. Exp. 442K. Actual 439K.
  • 15:00 US Philly Fed Manufacturing Index. Exp. 5.1. Actual 22.5. Big surprise didn’t bother the Aussie.
  • Friday, 10:15 Ben Bernanke talks.

AUD/USD Sentiment

  • Talks about China limiting foreign activity hurt the Aussie as well. Fresh talks about a Chinese rate hike now weigh on the Aussie.
  • Risk appetite returned to the markets as there’s now hope for Ireland. This helps the Aussie.
  • Currensee Community: 86% are short, 14% are long. 342 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD.

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About Author

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 the 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.