Key Levels for Aussie Traders
The AUD has been continuing to grind its way up in what has been a quiet week for economic data, but a big one for news. As the North Korea
Rowan Crosby•Wednesday, August 30, 2017•1 min read
The AUD has been continuing to grind its way up in what has been a quiet week for economic data, but a big one for news. As the North Korean saga once again subsides, here are a few key levels to look for as the day roles on.
We also have building and construction data out at 11:30 AEST which might help lift the market as there is slight momentum to the upside. Our resistance level ahead features the notorious 80 cents which has proven a stopping point on multiple occasions. I’m looking for a test of 80 cents in the coming days.
Key Levels
Support | Resistance |
0.7900 | 0.7950 |
0.7885 | 0.8000 |
0.7850 | 0.8040 |
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
ABOUT THE AUTHOR
See More
Rowan Crosby
Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
Related Articles
Comments
Subscribe
Login
Please login to comment
0 Comments
Oldest
Sidebar rates
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals