FXstreet.com (Barcelona) - The pair has been suspended in free-fall all day Thursday amidst a plethora of economic indicators in the United States and the palpable buildup of risk aversion gripping the market. In the afternoon of the European session the rumor mill is in force – Moody’s looks poised to dole out more downgrade before days end. The pair’s advance has not been steadied by the badly missed economic data release in the United States in which the Philadelphia Fed Manufacturing Survey reported a figure of -16.6 against consensus estimates of 0.0, causing the AUD/USD to settle in the region of 1.0128.
The cross is declining precipitously at a rate of -0.62% below its opening price. According to the ICM.com analyst team, the pair’s retreat will be buoyed by measures of support at 1.0095, then 1.0050, and finally 1.0025. Conversely, the pair will encounter levels of resistance at 1.0180, 1.0200, and ultimately 1.0220.
The cross is declining precipitously at a rate of -0.62% below its opening price. According to the ICM.com analyst team, the pair’s retreat will be buoyed by measures of support at 1.0095, then 1.0050, and finally 1.0025. Conversely, the pair will encounter levels of resistance at 1.0180, 1.0200, and ultimately 1.0220.
