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18 Sep 2013
AUD/USD plunges to 0.9340 at Tokyo’s opening
FXstreet.com (Chicago) - AUD/USD succumbed to bearish pressure at the opening of Tokyo and the beginning of a new trading journey on a big day for the worldwide economies and shortly after the release of Australian data.
Australian data releases
The Australian CB leading indicator for July was 0.3% vs. past -0.2%. Australian orders are reported by Forex Live’s Sheridan with sellers at 0.9390 through 0.9405 with stops building above and stops below yesterday’s lows at 0.9275/80. The Westpac leading index is due in minutes.
AUD/USD Technical Levels
Price action reveals the extension of an upward trendline since last August 30th reversal day. The pair retreated from 0.9363 limits yesterday and continues heading down on short-term bearish channel to hit 0.9340 daily lows at the opening of Tokyo. The primary and secondary trends remain pointing up ahead of the RBA assistant Governor Edey Speech. Offered at 0.9346, the pair faces supports aligned at 0.9313 (July 22nd highs), 0.9270 (July 28th highs) ahead of 0.9233 (September 13th lows) and resistances at 0.9363 (September 13th highs), 0.9391 (June 1st lows) followed by 0.9431 (May 28th lows). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis with a neutral EMA20.
Australian data releases
The Australian CB leading indicator for July was 0.3% vs. past -0.2%. Australian orders are reported by Forex Live’s Sheridan with sellers at 0.9390 through 0.9405 with stops building above and stops below yesterday’s lows at 0.9275/80. The Westpac leading index is due in minutes.
AUD/USD Technical Levels
Price action reveals the extension of an upward trendline since last August 30th reversal day. The pair retreated from 0.9363 limits yesterday and continues heading down on short-term bearish channel to hit 0.9340 daily lows at the opening of Tokyo. The primary and secondary trends remain pointing up ahead of the RBA assistant Governor Edey Speech. Offered at 0.9346, the pair faces supports aligned at 0.9313 (July 22nd highs), 0.9270 (July 28th highs) ahead of 0.9233 (September 13th lows) and resistances at 0.9363 (September 13th highs), 0.9391 (June 1st lows) followed by 0.9431 (May 28th lows). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis with a neutral EMA20.