Current trend

AUD is going down against USD due to the growth of the treasury bonds’ yield growth and Fed’s monetary policy, which is tighter than the Australian one. Positive macroeconomic data supports US dollar, too: Consuming Price Index has reached its 18-years maximum at the level of 128.7 points. The employment level is at the 17-year lows. The experts expect the further growth of the economy.

As for Australia, yesterday CPI stayed on the level of 1.9% YoY, so the monetary policy will stay the same. The instrument is negatively affected by the fall of oil prices after French President’s statement about the readiness to work on the creation of the new nuclear agreement with Iran together with the USA, so geopolitical risks are taking second place.

Support and resistance

Stochastic is at the level of 54 points and does not give signals to enter the market.

Resistance levels: 0.7628, 0.7690.

Support levels: 0.7568, 0.7515.

Trading tips

Short positions can be opened below the level of 0.7568 with the target at 0.7515 and stop loss 0.7600.

Australian vs US Dollar

BuySellSpread
0.728590.7283623

Scenario

TimeframeDay's Range
RecommendationsSELL STOP
Entry Point0.7560
Take Profit0.7515
Stop Loss0.7600
Support levels0.7515, 0.7568, 0.7628, 0.7690
AUD/USD: general analysis

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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