Current trend
The AUD/USD pair has been growing almost without a retrace for three weeks and has reached the levels of May, 2015. The pair has gone up by more than 400 points.
Today there is no significant stats from Australia to be published, and the investors should pay attention to the Australian inflation indicators, which will be published on Wednesday, July, 26, and to the RBA's Governor Philip Lowe Speech. The RBA inflation expectations will affect the pair’s dynamics is the nearest future. Another important publication, the USA FRS interest rate decision, is expected on Wednesday, too.
Today the USA publications are worth traders’ attention: Housing Price Index is due at 15:00 (GMT+2), the growth by 0.1% is expected; Richmond Fed Manufacturing Index is due at 16:00 (GMT+2), the forecast is negative.
As tomorrow’s publications are very important for the pair, the consolidation of the pair is expected today.
Support and resistance
Support levels: 0.7710, 0.7750, 0.7830, 0.7900.
Resistance levels: 0.7950, 0.8010, 0.8090, 0.8160.
Trading tips
Short positions can be opened at the current price with the targets at 0.7900, 0.7830, stop loss is 0.7980.
Long positions can be opened at the level of 0.7950, with the targets at 0.8010, 0.8090, stop loss is 0.7900.
The AUD/USD pair has been growing almost without a retrace for three weeks and has reached the levels of May, 2015. The pair has gone up by more than 400 points.
Today there is no significant stats from Australia to be published, and the investors should pay attention to the Australian inflation indicators, which will be published on Wednesday, July, 26, and to the RBA's Governor Philip Lowe Speech. The RBA inflation expectations will affect the pair’s dynamics is the nearest future. Another important publication, the USA FRS interest rate decision, is expected on Wednesday, too.
Today the USA publications are worth traders’ attention: Housing Price Index is due at 15:00 (GMT+2), the growth by 0.1% is expected; Richmond Fed Manufacturing Index is due at 16:00 (GMT+2), the forecast is negative.
As tomorrow’s publications are very important for the pair, the consolidation of the pair is expected today.
Support and resistance
Support levels: 0.7710, 0.7750, 0.7830, 0.7900.
Resistance levels: 0.7950, 0.8010, 0.8090, 0.8160.
Trading tips
Short positions can be opened at the current price with the targets at 0.7900, 0.7830, stop loss is 0.7980.
Long positions can be opened at the level of 0.7950, with the targets at 0.8010, 0.8090, stop loss is 0.7900.