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3 Nov 2013
AUD/USD minimally supported by upbeat China Non-Mfg PMI
FXstreet.com (Barcelona) - AUD/USD is hovering around Friday closing levels at 0.9440 through inter-bank trading, with the Aussie having enjoyed some favourable flows on the back of better than expected China non-mfg PMI Sunday.
AUD volatility coming up
The week ahead is expected to bring strong volatility into the AUD, as traders prepare for some tier1 economic releases in Australia, starting with today's ANZ jobs, retail sales along with tomorrow's RBA monetary policy meeting.
AUD/USD technicals
According to John Noonan, Head of IFR Markets: "Key support is found at 0.9410 - last week's low and 38.2 of 0.8848/0.9758 move, while resistance at Friday's 0.9490 high with break above easing downward pressure." Noonan expects range extensions today, "due to Tokyo holiday and ahead of RBA tomorrow", he said.
AUD volatility coming up
The week ahead is expected to bring strong volatility into the AUD, as traders prepare for some tier1 economic releases in Australia, starting with today's ANZ jobs, retail sales along with tomorrow's RBA monetary policy meeting.
AUD/USD technicals
According to John Noonan, Head of IFR Markets: "Key support is found at 0.9410 - last week's low and 38.2 of 0.8848/0.9758 move, while resistance at Friday's 0.9490 high with break above easing downward pressure." Noonan expects range extensions today, "due to Tokyo holiday and ahead of RBA tomorrow", he said.