FxWirePro: AUD/USD changes short term trend from neutral to bearish
AUD/USD declined on Tuesday as recent upbeat U.S. data strengthened US dollar across the board and pushed up the odds of a U.S. interest rate hike before year-end. Australian job advertisements dipped slightly in Septemb…
AUD/USD declined on Tuesday as recent upbeat U.S. data strengthened US dollar across the board and pushed up the odds of a U.S. interest rate hike before year-end.
Australian job advertisements dipped slightly in September after a sharp increase in August, pointing to still-solid demand for labour and a moderate pace of employment growth ahead.
The pair is trading at 0.7620 levels, it is set to decline further towards 0.7580 later towards 0.7550 in the short term.
Strong support can be seen at 0.7594, a break below this level will expose the pair towards next support level located at 0.7554.
Major resistance can be seen at 0.7683, a break above this level will open the gates towards 0.7710 levels.
