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 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

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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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