Aussie (AUD) Continues To Fall Vs USD
The Australian Dollar continued its week-long slide Vs the USD Monday.
Falling commodity prices saw the currency at 00.7270, down from 00.7302 Friday.
Last Friday it fell as low as 00.7206 on the back of weak Chinese manufacturing data, its weakest level since May 2009.
With the strong USD also putting pressure on the Aussie, the next Southside target is 00.70.
AUD/USD July 26 at 23:55 GMT 0.7277 H: 0.7361 L: 0.7260
AUD/USD Technical
| S3 | S2 | S1 | R1 | R2 | R3 |
| 0.7250 | — | — | 0.7500 | 0.7850 | 0.8150 |
During the early hours of the Asian trading session Monday, the Aussie is trying to keep in touch with the 00.73 and 00.74 marks after spending most of last week consolidating and trading around 00.74. Current range: trading right at 0.7280.
Support: 00.7250
Resistance: 00.7500, 00.7850 and 00.8150.
Direction: South
Have a terrific week.
HeffX-LTN
Paul Ebeling
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