26 May 2015
AUD/USD falls to 1-month lows
FXStreet (Córdoba) - AUD/USD came under renewed pressure and scored a fresh 1-month low at the beginning of the New York session weighed by US data.
While April US durable goods orders came in line with expectations (-0.5% the headline and +0.5% the core), March figures were upwardly revised. More data contributed to the positive sentiment toward the dollar, including home price index, consumer confidence and Apr new home sales (+6.8%).
Meanwhile, the greenback remains supported as investors come back after the holiday and continue to digest Fed Yellen speech. Fed Chair said on Friday it would be “appropriate at some point this year” to start raising rates.
AUD/USD broke below 0.7800 and fell to its lowest level since Apr 23 at 0.7735. At time of writing, the pair is trading at 0.7745, 0.96% below its opening price.
AUD/USD technical levels
Immediate support levels are seen at 0.7735 (daily low), 0.7710 (Apr 23 low) and 0.7700 (psychological level). On the flip side, resistances could be found at 0.7839 (daily high), 0.7854 (100-hour SMA) and 0.7900 (psychological level).
While April US durable goods orders came in line with expectations (-0.5% the headline and +0.5% the core), March figures were upwardly revised. More data contributed to the positive sentiment toward the dollar, including home price index, consumer confidence and Apr new home sales (+6.8%).
Meanwhile, the greenback remains supported as investors come back after the holiday and continue to digest Fed Yellen speech. Fed Chair said on Friday it would be “appropriate at some point this year” to start raising rates.
AUD/USD broke below 0.7800 and fell to its lowest level since Apr 23 at 0.7735. At time of writing, the pair is trading at 0.7745, 0.96% below its opening price.
AUD/USD technical levels
Immediate support levels are seen at 0.7735 (daily low), 0.7710 (Apr 23 low) and 0.7700 (psychological level). On the flip side, resistances could be found at 0.7839 (daily high), 0.7854 (100-hour SMA) and 0.7900 (psychological level).