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30 Jul 2014
AUD/USD hits 8-day low, US data eyed
FXStreet (Córdoba) - The AUD/USD remains on the defensive as investors await the next series of US data. The ADP and the flash 2Q GDP are on tap, with the greenback benefiting from speculations of a GDP beat.
The AUD/USD has dropped to an 8-day low of 0.9361 during the European trade and remains heavy near lows. At time of writing, the Aussie is trading at the 0.9365 area, recording a 0.18% loss on the day.
AUD/USD levels to watch
In terms of technical levels, the AUD/USD could find next supports at 0.9335 (Jul 22 low) and 0.9317 (100-day SMA). On the other hand, resistances could be found at 0.9400 (psychological level), 0.9415 (Jul 29 high) and 0.9423 (Jul 25 high).
The AUD/USD has dropped to an 8-day low of 0.9361 during the European trade and remains heavy near lows. At time of writing, the Aussie is trading at the 0.9365 area, recording a 0.18% loss on the day.
AUD/USD levels to watch
In terms of technical levels, the AUD/USD could find next supports at 0.9335 (Jul 22 low) and 0.9317 (100-day SMA). On the other hand, resistances could be found at 0.9400 (psychological level), 0.9415 (Jul 29 high) and 0.9423 (Jul 25 high).