21 Jul 2014
AUD/USD consolidating ahead of key events
FXStreet (Guatemala) - AUD/USD is trading at 0.9377, down -0.19% on the day, having posted a daily high at 0.9402 and low at 0.9370.
AUD/USD is accumulating on the top side of the 93 handle on a slow beginning to the week ahead of events. We await Stevens speaking and CPI but are reminded by analysts at TD Securities that the annual Anika Foundation speech is tomorrow, targeted solely towards financial market participants, and suggest if there is a message to be sent, this is the forum. “The following day is Q2 CPI, where TD expects a benign print of core inflation at 2.75%/yr (also the RBA forecast), but in the past has defied consensus expectations’.
AUD/USD Levels
Current price is 0.9377, with resistance ahead at 0.9385 (Daily 20 SMA). Next support to the downside can be found at 0.9370 (Daily Low), 0.9352 (Weekly Low), 0.9348 (Daily Classic S1) and 0.9347 (Monthly Low).
AUD/USD is accumulating on the top side of the 93 handle on a slow beginning to the week ahead of events. We await Stevens speaking and CPI but are reminded by analysts at TD Securities that the annual Anika Foundation speech is tomorrow, targeted solely towards financial market participants, and suggest if there is a message to be sent, this is the forum. “The following day is Q2 CPI, where TD expects a benign print of core inflation at 2.75%/yr (also the RBA forecast), but in the past has defied consensus expectations’.
AUD/USD Levels
Current price is 0.9377, with resistance ahead at 0.9385 (Daily 20 SMA). Next support to the downside can be found at 0.9370 (Daily Low), 0.9352 (Weekly Low), 0.9348 (Daily Classic S1) and 0.9347 (Monthly Low).