Coming up from Australia today, business survey and home loans data.
The business confidence and conditions headlines are the most likely to have an AUD impact, home loans data less so.
I'll have previews of both to come, but for AUD levels to be aware of are below.
Since Friday's move above 0.7810/25 area the AUD has been a little firmer. 0.7825 acted as support in overnight trade (UK time) Monday. Resistance is ahead of 0.7900. While the risk tone remains favourable AUD dips look attractive. Sellers on resistance might want to monitor closely and not be too impatient to snaffle profits should they offer. A pip in the hand is worth .... infinitely more than those transferred to someone else!
For today ...
Resistance
- 0.7875/80 .... testing there as I update
- 0.7900
- 0.7930/35/40 and 0.8000 (if we it this high during Asia I'll eat my hat)
Support
- 0.7860 initially
- 0.7825/35
- 0.7795/00
- 0.7770
