FXstreet.com (Barcelona) - Having made a European session high today at 1.021, AUD/USD has declined to currently find support between 1.0185 and 1.0180.
A morning session saw price make a low at 1.0166 before climbing close to 50 pips following a successful German Bond auction and rumours surrounding the ECB’s prospective bond buying scheme which is set to be announced tomorrow. As we head into the European close, with the economic calendar clear for the US session, focus will fall on tomorrows headline ECB Interest Rate Decision and subsequent Policy Statement and Press Conference for determining risk sentiment going forward. The team at Forex Ticket see price action as having a short term downside bias and highlight 1.0174 as representing the next level of support.
European Equities head into the close generally higher whilst US Equities are slightly lower alongside the broad majority of commodities.
A morning session saw price make a low at 1.0166 before climbing close to 50 pips following a successful German Bond auction and rumours surrounding the ECB’s prospective bond buying scheme which is set to be announced tomorrow. As we head into the European close, with the economic calendar clear for the US session, focus will fall on tomorrows headline ECB Interest Rate Decision and subsequent Policy Statement and Press Conference for determining risk sentiment going forward. The team at Forex Ticket see price action as having a short term downside bias and highlight 1.0174 as representing the next level of support.
European Equities head into the close generally higher whilst US Equities are slightly lower alongside the broad majority of commodities.
