Big day for Australian data — levels to watch on the AUD/USD

Coming up from
Australia today, business survey and home loans data.

The business
confidence and conditions headlines are the most likely to have an
AUD impact, home loans data less so.

I’ll have previews
of both to come, but for AUD levels to be aware of are below.

Since Friday’s
move above 0.7810/25 area the AUD has been a little firmer. 0.7825
acted as support in overnight trade (UK time) Monday. Resistance is
ahead of 0.7900. While the risk tone remains favourable AUD dips look
attractive. Sellers on resistance might want to monitor closely
and not be too impatient to snaffle profits should they offer. A pip
in the hand is worth …. infinitely more than those transferred to
someone else!

For today …


  • 0.7875/80 …. testing there as I update
  • 0.7900
  • 0.7930/35/40 and
    0.8000 (if we it this high during Asia I’ll eat my hat)


  • 0.7860 initially
  • 0.7825/35
  • 0.7795/00
  • 0.7770

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