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
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Last updated: Wednesday, August 30, 2017
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 |
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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.
