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12 Aug 2014
AUD/USD picking up some ground
FXStreet (Guatemala) - AUD/USD is trading at 0.9259, down -0.04% on the day, having posted a daily high at 0.9269 and low at 0.9247.
With a set of decent numbers finally from Australia in the form of Both Australian business confidence and conditions for July, with the readings of 11 and 8 respectively, against 8 and 2 in June, AUD/USD remains a benign trade although picking up some pips to the upside immediately on the release, so relatively there has been some movement on this data release.
AUD/USD levels
Current price is 0.9260, with resistance ahead at 0.9268 (Hourly 20 EMA) and 0.9277 (Daily Open). Next support to the downside can be found at 0.9246 (Daily Classic S1), 0.9218 (Weekly Classic S1) and 0.9217 (Daily Classic S2).
With a set of decent numbers finally from Australia in the form of Both Australian business confidence and conditions for July, with the readings of 11 and 8 respectively, against 8 and 2 in June, AUD/USD remains a benign trade although picking up some pips to the upside immediately on the release, so relatively there has been some movement on this data release.
AUD/USD levels
Current price is 0.9260, with resistance ahead at 0.9268 (Hourly 20 EMA) and 0.9277 (Daily Open). Next support to the downside can be found at 0.9246 (Daily Classic S1), 0.9218 (Weekly Classic S1) and 0.9217 (Daily Classic S2).