24 Jul 2013
AUD/USD plummets after Aus CPI cleaning out all stops
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last quoted at fresh session highs 0.9303 asks off recent session lows at 0.9236, following a lower than expected Australian Q2 CPI figure at +0.4% vs +0.5%.
AUD/USD lower on longs squeeze
With huge intraday volatility, the Aussie has cleaned all stops below recent previous session lows around the 0.9280 level, taking for few seconds the pair to fresh session lows near the 0.9240 level, to bounce strongly from there, in what it seems a major squeeze.
AUD/USD key technical levels
Immediate resistance to the upside for AUD/USD shows at recent session highs 0.9303, followed by June 11 lows at 0.9326, and June 26 highs at 0.9346. To the downside, closest support lies at mentioned session lows 0.9236, followed by yesterday's lows at 0.9221.
AUD/USD lower on longs squeeze
With huge intraday volatility, the Aussie has cleaned all stops below recent previous session lows around the 0.9280 level, taking for few seconds the pair to fresh session lows near the 0.9240 level, to bounce strongly from there, in what it seems a major squeeze.
AUD/USD key technical levels
Immediate resistance to the upside for AUD/USD shows at recent session highs 0.9303, followed by June 11 lows at 0.9326, and June 26 highs at 0.9346. To the downside, closest support lies at mentioned session lows 0.9236, followed by yesterday's lows at 0.9221.