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5 Jul 2013
AUD/USD sideways trading
FXstreet.com (New York) - The AUD/USD foreign exchange rate has been a dial-tone thus far during Asian trading Friday, unable to begin a movement to retest yesterdays highs.
AUD/USD maintains tight consolidation
The AUD/USD is presently trading at 0.9143, having slid a tepid -0.02% off its opening during Asian trading thus far. The Danske Research team isolates supportive measures at 0.9073, ahead of 0.9036, and finally 0.8957. On the ascension, a break above 0.9190 will initiate resistances at 0.9253, and 0.9287.
AUD/USD still waiting for to stabilize
According to the TD Securities Team, “According to Sean Callow, a Global FX Strategist at Westpac, “We remain looking for AUD/USD to stabilize given historically stretched spec shorts, a recovery in iron ore prices, fading fears over China’s money markets and domestic data mixed rather than weak.” In other news, later in the United States at 12:30 GMT, the Nonfarm payrolls will certainly create a splash across the pair.
AUD/USD maintains tight consolidation
The AUD/USD is presently trading at 0.9143, having slid a tepid -0.02% off its opening during Asian trading thus far. The Danske Research team isolates supportive measures at 0.9073, ahead of 0.9036, and finally 0.8957. On the ascension, a break above 0.9190 will initiate resistances at 0.9253, and 0.9287.
AUD/USD still waiting for to stabilize
According to the TD Securities Team, “According to Sean Callow, a Global FX Strategist at Westpac, “We remain looking for AUD/USD to stabilize given historically stretched spec shorts, a recovery in iron ore prices, fading fears over China’s money markets and domestic data mixed rather than weak.” In other news, later in the United States at 12:30 GMT, the Nonfarm payrolls will certainly create a splash across the pair.