16 Oct 2013
AUD/USD continues to trade bullishly on DXY weakness Tuesday; 0.9570 target remains
FXstreet.com (Barcelona) - The AUD/USD cross traded higher Tuesday as a result of investors fleeing the greenback short-term as DC-induced nervousness returned to the markets.
AUD/USD traders get to digest Aussie and US data – along with more debt-ceiling headlines
Delays and doubts surrounding the ongoing Washington negotiations took their toll on the US Dollar Tuesday. That weakness pushed the AUD/USD higher throughout the day Tuesday – ignoring overall neutral RBA meeting minutes which were released last night.
Tuesday will bring AUD/USD traders the Westpac Leading Index out of Australia as well as US TIC Flows, the US NAHB Housing Market Index and the US Fed Beige Book Survey.
Technical outlook for AUD/USD
The AUD/USD is, according to technicians, trading right at the September 18th peak at 0.9527. The next resistance above that comes in the form of an Elliott Wave projection at 0.9570. First support comes in at Monday’s low of 0.9428 and if it fails the next possible support is 0.9416.
AUD/USD traders get to digest Aussie and US data – along with more debt-ceiling headlines
Delays and doubts surrounding the ongoing Washington negotiations took their toll on the US Dollar Tuesday. That weakness pushed the AUD/USD higher throughout the day Tuesday – ignoring overall neutral RBA meeting minutes which were released last night.
Tuesday will bring AUD/USD traders the Westpac Leading Index out of Australia as well as US TIC Flows, the US NAHB Housing Market Index and the US Fed Beige Book Survey.
Technical outlook for AUD/USD
The AUD/USD is, according to technicians, trading right at the September 18th peak at 0.9527. The next resistance above that comes in the form of an Elliott Wave projection at 0.9570. First support comes in at Monday’s low of 0.9428 and if it fails the next possible support is 0.9416.