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15 May 2014
AUD/USD trades below 0.9350 after US data
FXStreet (San Francisco) - The US dollar is currently the king in the currency market after a set of upbeat economic data in the United States including jobless claims, CPI and NY empire manufacturing data. Against the Aussie, the pair just broke down to fresh daily lows around 0.9340.
The AUD/USD is extending its decline from 0.9390 and after losing around 50 pips the pair broke below the 0.9350 area to price at 0.9340.
Currently, AUD/USD is trading at 0.9378, up 0.19% on the day, having posted a daily high at 0.9384 and low at 0.9333. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
AUD/USD levels
According to FXBeat Editor Matt Bacon-Hall, there are orders on the downside at 0.9345-50 buy, 0.9320-25 buy and 0.9310 sells. On the topside, 0.9450-60 real money offers and 0.9410 buy stops.
The AUD/USD is extending its decline from 0.9390 and after losing around 50 pips the pair broke below the 0.9350 area to price at 0.9340.
Currently, AUD/USD is trading at 0.9378, up 0.19% on the day, having posted a daily high at 0.9384 and low at 0.9333. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
AUD/USD levels
According to FXBeat Editor Matt Bacon-Hall, there are orders on the downside at 0.9345-50 buy, 0.9320-25 buy and 0.9310 sells. On the topside, 0.9450-60 real money offers and 0.9410 buy stops.