Back

AUD/USD moves away from 5-year lows

FXStreet (Mumbai) - The Aussie recovered versus the US dollar today, bouncing-back from five year low levels reached in the previous session.

Currently, the AUD/USD pair traded at 0.8118 levels, up 0.20% on the day, after reaching fresh five-year lows of 0.8084 levels in the overnight US trading. The Aussie tumbled against the greenback as the stronger-than-expected US 3Q GDP estimate boosted the US dollar. The currency pair remains slightly elevated today on the back of recovery in commodities prices. Investors are largely refraining from making significant moves ahead of a long weekend.

AUD/USD Technical Levels

The pair has an immediate resistance at 0.8146 (Dec 23 High) levels, above which gains could be extended to 0.8176 (Dec 22 High) levels. On the flip side, support is seen at 0.8104 (Dec 17 Low) levels, from here it to 0.8080 levels.

Surprisingly strong GDP data, underwhelming reaction from bond market – MPTrader

Mike Paulenoff of MPTrader notes that in reaction to the fasted Q3 growth in US since 2003, 10-year yield climbed from 2.15% to 2.19%, further observing that better yields and growth clobbered Gold beneath the key support at $1186.
Baca lagi Previous

US indices saw a choppy, mixed session – TechnicalTrader

Harry Boxer of The Technical Trader explains that the US stock indices had a very tough and a sloppy session as indices saw a mixed close with S&P 500 making a new all-time high at 2086.73 before closing slight lower, and Nasdaq 100 down 14.37 at 4297.30, only 5 points of its lows.
Baca lagi Next