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9 Feb 2015
AUD/USD clings to 0.7800
FXStreet (Edinburgh) - The Aussie dollar is trading just above the 0.7800 vs. the greenback in the European evening, with AUD/USD bouncing off overnight troughs near 0.7750.
AUD/USD eyes on Chinese data (again)
The pair managed to leave behind the poor performance of Chinese imports during January, contracting almost 20% over the last twelve months. After dipping to the mid-0.7700s in the wake of the release, the softer tone from the greenback allowed the current rebound.
Ahead in the week, House Price index during the fourth quarter and Business Confidence tracked by NAB will be on tap tomorrow, followed by Chinese inflation figures for the month of January.
AUD/USD levels to watch
As of writing the pair is gaining 0.24% at 0.7817 with the next hurdle at 0.7877 (high Feb.6) ahead of 0.7882 (38.2% of 0.8295-0.7627) and then 0.7907 (high Jan.29). On the flip side, a breakdown of 0.7733 (low Feb.5) would open the door to 0.7627 (low Feb.3) and finally 0.7600 (psychological level).
AUD/USD eyes on Chinese data (again)
The pair managed to leave behind the poor performance of Chinese imports during January, contracting almost 20% over the last twelve months. After dipping to the mid-0.7700s in the wake of the release, the softer tone from the greenback allowed the current rebound.
Ahead in the week, House Price index during the fourth quarter and Business Confidence tracked by NAB will be on tap tomorrow, followed by Chinese inflation figures for the month of January.
AUD/USD levels to watch
As of writing the pair is gaining 0.24% at 0.7817 with the next hurdle at 0.7877 (high Feb.6) ahead of 0.7882 (38.2% of 0.8295-0.7627) and then 0.7907 (high Jan.29). On the flip side, a breakdown of 0.7733 (low Feb.5) would open the door to 0.7627 (low Feb.3) and finally 0.7600 (psychological level).