Forex: AUD/USD holding above 1.0200 (Barcelona) - Two hours away from key Australian data for next RBA meetings, Private capital expenditure for the Q4, expected to come lower than previous, AUD/USD is last around session lows at 1.0223, off daily highs at 1.0247, after bouncing from fresh 4.5-month lows at 1.0180 printed in late London session. The pair is down -0.86% from previous weekly close Friday, while Gold came back to pre-Bernanke testimony levels 2 days ago, last at $1597, off Tuesday's highs at $1619, while Iron ore is at $152T.

“AUD/USD finally breached a large barrier at 1.0200 after some exceptionally high turnover but with more heavy support seen at 1.0150, in the form of barriers and Sovereign interest, the dip below 1.0200 was short and sharp,” said FXWW founder Sean Lee, adding: “Stick to range trading mode here with edges at 1.0150/1.0350 but the danger on the day would seem to be to the topside.” SP500 closed with gains adding +1.27% for the day, erasing almost all Tuesday loses.

Immediate support to the downside for AUD/USD lies at Tuesday's lows 1.0200, followed by yesterday's fresh 4.5-month lows at 1.0180, and Sept 05 lows at 1.0162. To the upside, closest resistance shows at recent NY session and daily highs at 1.0246, followed by Monday's Asian session lows at 1.0260, and Tuesday's highs at 1.0290.