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2 Oct 2013
AUD/USD cracks down to 0.9384 lows on data release
FXstreet.com (Chicago) - AUD/USD failed to maintain the 0.94 zone after Australian data that disappointed triggered a strong market reaction among participants.
Australian data recap
With the HIA new home sales at 3.4% vs. past -4.7%, building permits at -4.7% vs. past 10.2% and expectations at -2.0% and an improved trade balance at -815M vs. prior -1375M, the Aussie weakened against the greenback.
AUD/USD Technical Levels
Technically speaking, the pair trades at 0.9388 and oscillates between supports at 0.9363 (September 17th highs), 0.9316 (September 10th highs) followed by 0.9274 (September 11th lows) and resistances set at 0.9416 (September 24th highs), 0.9460 (September 22nd highs) ahead of 0.9527 (September 19th highs). Offered below the EMA20, the pair is reported as slightly bullish by the FXstreet.com trend index on one-hour timeframe analysis with primary and secondary trends pointing up.
Australian data recap
With the HIA new home sales at 3.4% vs. past -4.7%, building permits at -4.7% vs. past 10.2% and expectations at -2.0% and an improved trade balance at -815M vs. prior -1375M, the Aussie weakened against the greenback.
AUD/USD Technical Levels
Technically speaking, the pair trades at 0.9388 and oscillates between supports at 0.9363 (September 17th highs), 0.9316 (September 10th highs) followed by 0.9274 (September 11th lows) and resistances set at 0.9416 (September 24th highs), 0.9460 (September 22nd highs) ahead of 0.9527 (September 19th highs). Offered below the EMA20, the pair is reported as slightly bullish by the FXstreet.com trend index on one-hour timeframe analysis with primary and secondary trends pointing up.