Fxwirepro: Aud/usd Pares Gains, But Holds Above 0.73 Barrier

  • AUD/USD is currently trading at 0.7313, paring some gains from session highs by 0.7320
  • The pair is holding onto 0.73 barrier despite poor building consents data which disappointed with a bigger than expected drop
  • Next immediate resistance is seen at 0.7319 (Hourly cloud top), then at 0.7339 (4h 50 MA) followed by 0.7352 (Daily Tenkan-Sen) 
  • Supports on the downside are located at 0.7281 (Daily lows 29 Jul) and further at 0.7256 (Daily low 28 Jul)
  • Markets await fresh insights from RBA Gov Stevens scheduled to speak at the Boao Forum for Asia Financial Cooperation Conference, in Sydney

The material has been provided by InstaForex Company – www.instaforex.com

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