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8 Oct 2013
AUD/USD tumbles initially after Aussie data; 0.9412 very short-term “correction support”
FXstreet.com (Barcelona) - The AUD/USD cross reacted poorly initially to the Australian business confidence and business conditions data but may be holding support at 0.9412.
AUD/USD slipping (temporarily?) on release of Aussie business data
The Australian Business Confidence and Australian Business Conditions numbers were apparently enough to give AUD/USD bulls a reason to book profits.
AUD/USD traders will get to react to US Fed Head speeches and Australian Consumer Confidence later Tuesday.
Technical outlook for AUD/USD
The AUD/USD faces key resistance at 0.9456 says the technical crowd. The next target on the upside on a breakout is 0.9527. First support comes in at 0.9412 in the very short-term with 0.9282 and 0.9253 below that.
AUD/USD slipping (temporarily?) on release of Aussie business data
The Australian Business Confidence and Australian Business Conditions numbers were apparently enough to give AUD/USD bulls a reason to book profits.
AUD/USD traders will get to react to US Fed Head speeches and Australian Consumer Confidence later Tuesday.
Technical outlook for AUD/USD
The AUD/USD faces key resistance at 0.9456 says the technical crowd. The next target on the upside on a breakout is 0.9527. First support comes in at 0.9412 in the very short-term with 0.9282 and 0.9253 below that.