Key Levels to Watch in the AUD Ahead of the Big Data Day
The AUD has tried and failed at the 80 cent level yesterday. Overnight a strong USD dragged the AUD/USD down and it has been red ever since
Rowan Crosby•Thursday, August 31, 2017•1 min read
The AUD has tried and failed at the 80 cent level yesterday. Overnight a strong USD dragged the AUD/USD down and it has been red ever since. There’s a bit of data around today however there is none more important than Chinese Manufacturing PMI.
Here are the key levels to watch out for:
Key Levels
Support | Resistance |
0.7900 | 0.7950 |
0.7885 | 0.8000 |
0.7850 | 0.8040 |
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ABOUT THE AUTHOR
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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.
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