FXstreet.com (Barcelona) - The highly pressured AUD/USD, that only closed higher in two days out of ten, already lost more than 200 pips since August 9 (high at 1.0614) and bounced off 1.0167 low today to attempt at testing the 1.0200 psychological level.
For now, the cross reached 1.0197 in mid European session and has been easing slowly to 1.0180/90 area ahead of the New York opening. Today’s data in Australia showed a rising GDP by 0.6% in Q2 (lower than 0.7% consensus), but a dropping annualized growth, from 4.4% to 3.7%. “Nominal income was weak, however, decelerating to 3.2%/yr, barely half the 20-year average of 6,5%, as the household savings ratio stayed elevated at ~9%”, wrote TD Securities analysts.
Mataf.net analysts point to resistances at 1.0215, 1.0285 and 1.0340. On the downside, supports might be found at 1.0165, 1.0155 and 1.0100.
For now, the cross reached 1.0197 in mid European session and has been easing slowly to 1.0180/90 area ahead of the New York opening. Today’s data in Australia showed a rising GDP by 0.6% in Q2 (lower than 0.7% consensus), but a dropping annualized growth, from 4.4% to 3.7%. “Nominal income was weak, however, decelerating to 3.2%/yr, barely half the 20-year average of 6,5%, as the household savings ratio stayed elevated at ~9%”, wrote TD Securities analysts.
Mataf.net analysts point to resistances at 1.0215, 1.0285 and 1.0340. On the downside, supports might be found at 1.0165, 1.0155 and 1.0100.
