FXstreet.com (Barcelona) - The Aussie dollar is hovering over the key level at 1.0400, as risk aversion is swelling at the beginning of the week.
After the highs of mid September above the 1.0620 level, the AUD has been losing ground against its American counterpart, trading in red at the moment for the second consecutive week and threatening to penetrate the support at 1.0400
Extremely light docket for the AUD this week, as the most important data will be the Private Sector Credit during August, to be published on Friday.
AUD/USD is now losing 0.36% at 1.0408 with the next support at 1.0383 (MA21d) ahead of 1.0367 (low Sep.20) then 1.0333 (MA200d) and 1.0325 (low Sep.11).
On the upside, a break above 1.0490 (hourly high/low Sep.21) would expose 1.0520 (hourly high Sep.17) then 1.0545 (hourly high/low Sep.17) and 1.0564 (high Sep.17).
After the highs of mid September above the 1.0620 level, the AUD has been losing ground against its American counterpart, trading in red at the moment for the second consecutive week and threatening to penetrate the support at 1.0400
Extremely light docket for the AUD this week, as the most important data will be the Private Sector Credit during August, to be published on Friday.
AUD/USD is now losing 0.36% at 1.0408 with the next support at 1.0383 (MA21d) ahead of 1.0367 (low Sep.20) then 1.0333 (MA200d) and 1.0325 (low Sep.11).
On the upside, a break above 1.0490 (hourly high/low Sep.21) would expose 1.0520 (hourly high Sep.17) then 1.0545 (hourly high/low Sep.17) and 1.0564 (high Sep.17).
