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4 Jun 2014
AUD/USD jumps to challenge 0.93 handle
FXStreet (Guatemala) - After a lacklustre session across global trading, with the AUD/USD fluctuating in a tight range on the top half of the 0.92 handle, the pair has jumped to challenge the 0.93 handle.
The Aussie Q1 GDP printed 3.5% and 1.1% vs consensus 1% QoQ and 3.3% YoY, up from 0.8% and 2.8% in Q4, respectively. For the pair, the attention will now focus on US data being the ADP Employment and Friday’s headliner, payrolls. We also have April trade data; the ISM services PMI (seen little-changed at 55.5); and the Fed’s Beige Book.
AUD/USD Levels
Current price is 0.9285, with resistance ahead at 0.9290 (Yesterday's High), 0.9294 (Daily Classic R1), 0.9300 (Daily High), 0.9310 (Weekly High) and 0.9321 (Daily Classic R2). Next support to the downside can b found at 0.9284 (Weekly Classic PP), 0.9283 (Daily 20 SMA), 0.9274 (Hourly 100 SMA), 0.9265 (Daily Open) and 0.9261 (Daily Classic PP).
The Aussie Q1 GDP printed 3.5% and 1.1% vs consensus 1% QoQ and 3.3% YoY, up from 0.8% and 2.8% in Q4, respectively. For the pair, the attention will now focus on US data being the ADP Employment and Friday’s headliner, payrolls. We also have April trade data; the ISM services PMI (seen little-changed at 55.5); and the Fed’s Beige Book.
AUD/USD Levels
Current price is 0.9285, with resistance ahead at 0.9290 (Yesterday's High), 0.9294 (Daily Classic R1), 0.9300 (Daily High), 0.9310 (Weekly High) and 0.9321 (Daily Classic R2). Next support to the downside can b found at 0.9284 (Weekly Classic PP), 0.9283 (Daily 20 SMA), 0.9274 (Hourly 100 SMA), 0.9265 (Daily Open) and 0.9261 (Daily Classic PP).