AUD/USD started the week in the same range, unaffected from the Korean tensions. Will it make an attempt on parity before the year ends?Here’s a quick update on technicals, fundamentals and community trends.
AUD to USD in range
AUD/USD Technicals
- Asian session: AUD/USD in the same 0.9840 to 0.9915 range.
- Current Range: 0.9840 to 0.9915.
- Further levels in both directions: Below 0.9840, 0.9725, 0.9660, 0.9540, 0.9460, 0.9366. Above 0.9915, 1.0000, 1.0080, 1.0180, 1.0220, 1.03.
- 0.9660 strong support below.
- AUD/USD Parity returns to be strong resistance
AUD/USD Fundamentals
- 23:00 Australian CB Leading Index.
- 00:30 (Tuesday) Australian Monetary Policy Meeting Minutes.
For the major events due later in the week, see the AUD/USD forecast.
AUD/USD Sentiment
- The military drill held by South Korea alleviated tensions in that region, but didn’t affect the Aussie.
- 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.
- Currensee Community: 83% are short, 17% are long. 408 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD.
Share
