FXStreet (Guatemala) – AUD/USD is currently trading at 0.7216 with a high of 0.7258 and a low of 0.7215.
AUD/USD heavy down testing the bulls commitments on the 0.72 handle after a strong durable goods number at -0.45 vs -0.9% expected. We now await further key data for the week for the pair and the CPI’s are hinted to show the trimmed mean CPI to rise to 2.5% y/y from 2.2% which may offer some support as we progress over to Asia. Such a result should be supportive and anything outside of that will have the appropriate effects, while the RBA is on a thin line in the eyes of the market.
AUD/USD levels
Technically, the 200 SMA on the 1hr sticks at 0.7253 remains as a dark cloud over the pair as price continues to drop with RSI ( 14) still offering a bearish bias at 43.77 while 0.7180/72 comes under threat. Below there targets key psychological support of 0.7000. Below the 0.7385 Fibo retracement we are bearish before eyes can look back at the August high at 0.7439.
(Market News Provided by FXstreet)