9 Jul 2014
AUD/USD holding in positive territory
FXStreet (Guatemala) - AUD/USD is trading at 0.9401, up 0.02% on the day, having posted a daily high at 0.9405 and low at 0.9396.
AUD/USD is oscillating around the 0.94 handle while still in positive territory after yesterday’s business with the NAB business confidence that rose to +8 in June. Analysts at TD Securities broke down the data, “Business conditions rebounded from -1 to +2 although hugging zero throughout 2014 so far. Businesses continue to be more optimistic on balance than households, a gap that is historically unusual. The employment net balance slid from zero to -3, a disappointing outcome although is still within a broad trend improvement. The conditions rebound was driven by ‘trading’ jumping to +7 and ‘profits’ rebounding from -3 to +3 so perhaps higher employment follows in due course. Overall, a neutral report for the RBA”.
AUD/USD Levels
Current price is 0.9401, with resistance ahead at 0.9401 (Daily Classic R2), 0.9405 (Daily High), (Hourly 200 SMA), 0.9416 (Yesterday's High) and 0.9425 (Daily Classic R3). Next support to the downside can be found at 0.9401 (Weekly Classic PP), 0.9400 (Daily Open), 0.9396 (Daily Low), 0.9394 (Hourly 20 EMA) and 0.9388 (Daily 20 SMA).
AUD/USD is oscillating around the 0.94 handle while still in positive territory after yesterday’s business with the NAB business confidence that rose to +8 in June. Analysts at TD Securities broke down the data, “Business conditions rebounded from -1 to +2 although hugging zero throughout 2014 so far. Businesses continue to be more optimistic on balance than households, a gap that is historically unusual. The employment net balance slid from zero to -3, a disappointing outcome although is still within a broad trend improvement. The conditions rebound was driven by ‘trading’ jumping to +7 and ‘profits’ rebounding from -3 to +3 so perhaps higher employment follows in due course. Overall, a neutral report for the RBA”.
AUD/USD Levels
Current price is 0.9401, with resistance ahead at 0.9401 (Daily Classic R2), 0.9405 (Daily High), (Hourly 200 SMA), 0.9416 (Yesterday's High) and 0.9425 (Daily Classic R3). Next support to the downside can be found at 0.9401 (Weekly Classic PP), 0.9400 (Daily Open), 0.9396 (Daily Low), 0.9394 (Hourly 20 EMA) and 0.9388 (Daily 20 SMA).