30 Jul 2015
AUD/USD holds near 6-year lows, US data eyed
FXStreet (Córdoba) - AUD/USD has continued to fall over the last hours and approaches 6-year lows scored earlier this week as the greenback strengthened after the Fed statement and investors await the US GDP figures.
The USD continues to capitalize FOMC-inspired gains as the Fed didn’t ruled out a September hike and noted improvement in the jobs sector. The Aussie faced renewed pressure on the back of disappointing housing data. Overall, AUD/USD has lost more than 80 pips over the last hours and hit a daily low of 0.7261, just a few pips ahead its 6-year trough struck at 0.7255 on Tuesday.
AUD/USD levels to watch
At time of writing, AUD/USD is trading at 0.7270, recording a 0.31% loss on the day, with immediate supports seen at 0.7255 (6-year low Jul 28), 0.7240 (May 1 2009 low) and 0.7200 (psychological level). On the other hand, resistances line up at 0.7322 (Jul 30 high), 0.7350 (Jul 29 high) and 0.7400 (psychological level).
The USD continues to capitalize FOMC-inspired gains as the Fed didn’t ruled out a September hike and noted improvement in the jobs sector. The Aussie faced renewed pressure on the back of disappointing housing data. Overall, AUD/USD has lost more than 80 pips over the last hours and hit a daily low of 0.7261, just a few pips ahead its 6-year trough struck at 0.7255 on Tuesday.
AUD/USD levels to watch
At time of writing, AUD/USD is trading at 0.7270, recording a 0.31% loss on the day, with immediate supports seen at 0.7255 (6-year low Jul 28), 0.7240 (May 1 2009 low) and 0.7200 (psychological level). On the other hand, resistances line up at 0.7322 (Jul 30 high), 0.7350 (Jul 29 high) and 0.7400 (psychological level).