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3 Sep 2014
AUD/USD lifted on positive GDP results
FXStreet (Barcelona) - AUD/USD is currently trading at 0.9282, up on the day, having posted a daily high at 0.9303 post the Australian positive GDP releases.
Having taken a hit yesterday, the pair finally found some traction despite a US dollar friendly environment and the recent data that has allowed the pair to once again flex it muscles, scoring a high onto the next handle above albeit momentarily. Australia's GDP (QoQ) (Q2) came at +0.5% vs 0.4% exp and 1.1% last while the YoY read in Q2 came at +3.1% vs 3.0% exp and 3.5% last.
AUD/USD support and resistance levels
Support levels: 0.9280, 0.9260, 0.9220 and 0.9170
Resistance levels: 0.9290, 0.9300 0.9330 0.9370
Having taken a hit yesterday, the pair finally found some traction despite a US dollar friendly environment and the recent data that has allowed the pair to once again flex it muscles, scoring a high onto the next handle above albeit momentarily. Australia's GDP (QoQ) (Q2) came at +0.5% vs 0.4% exp and 1.1% last while the YoY read in Q2 came at +3.1% vs 3.0% exp and 3.5% last.
AUD/USD support and resistance levels
Support levels: 0.9280, 0.9260, 0.9220 and 0.9170
Resistance levels: 0.9290, 0.9300 0.9330 0.9370