FXstreet.com (Barcelona) - The AUD/USD has retreated from its intraday maximum of 1.0508 and consolidated its gains during American trading. Mataf.net analysts point to short-term resistances at 1.0487, 1.0534, and eventually 1.0616. In the event of a tumble or downturn, the AUD/USD is destined to meet support at 1.0310, then 1.0285, and finally 1.0255.
Ahead of the FOMC tomorrow, the pair is trading in the region of 1.0468 in these moments on the heels of a recent data release in the United States. At this juncture, this constitutes a gain of +0.32% off its opening.
Briefing the data release in the United States, the Import Price Index (MoM and YoY) grew at only +0.7% in August (relative to consensus expectations of +1.4%) and shrunk -2.2% in August (against projections of only -1.1%) respectively. Conversely, the Export Price Index (MoM and YoY) grew at a rate of +0.9% in August (beating expectations of +0.4%) and fell -0.9% in August (from -1.2% in the previous month).
Ahead of the FOMC tomorrow, the pair is trading in the region of 1.0468 in these moments on the heels of a recent data release in the United States. At this juncture, this constitutes a gain of +0.32% off its opening.
Briefing the data release in the United States, the Import Price Index (MoM and YoY) grew at only +0.7% in August (relative to consensus expectations of +1.4%) and shrunk -2.2% in August (against projections of only -1.1%) respectively. Conversely, the Export Price Index (MoM and YoY) grew at a rate of +0.9% in August (beating expectations of +0.4%) and fell -0.9% in August (from -1.2% in the previous month).
