FxWirePro: AUD/USD pares gains, but holds above 0.73 barrier
Thursday, July 30, 2015 5:49 AM UTC
- AUD/USD is currently trading at 0.7313, paring some gains from session highs by 0.7320
- The pair is holding onto 0.73 barrier despite poor building consents data which disappointed with a bigger than expected drop
- Next immediate resistance is seen at 0.7319 (Hourly cloud top), then at 0.7339 (4h 50 MA) followed by 0.7352 (Daily Tenkan-Sen)
- Supports on the downside are located at 0.7281 (Daily lows 29 Jul) and further at 0.7256 (Daily low 28 Jul)
- Markets await fresh insights from RBA Gov Stevens scheduled to speak at the Boao Forum for Asia Financial Cooperation Conference, in Sydney
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