Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

Google Add as a preferred source on Google

FxWirePro: AUD/USD hovers near 4-month peak, bias bullish

• AUD/USD edged higher   on Monday as traders eyed two upcoming central bank appearances and U.S. inflation data.

RBA Deputy Governor Andrew Hauser will be interviewed by ABC on Tuesday evening, while Assistant Governor Sarah Hunter will speak at a Sydney property event Tuesday afternoon.

• U.S. August non-farm payrolls rose by 162,000, significantly exceeding the 56,000 increase expected by economists.

• U.S. inflation data will be in focus this week, with PPI due Wednesday and CPI on Thursday. Strong readings could boost Fed rate-hike expectations, while softer data may revive rate-cut bets.

• Immediate resistance is located at 0.7236(Higher BB), any close above will push the pair towards 0.7269(23.6%fib).

• Support is seen at 0.7160(38.2%fib) and break below could take the pair towards 0.7141(SMA 20 ).

 Recommendation: Good to buy  around 0.7200, with stop loss of 0.7120 and target price of 0.7280

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.