{"id":10252,"date":"2010-06-15T11:17:27","date_gmt":"2010-06-15T15:17:27","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10252"},"modified":"2010-06-15T11:17:27","modified_gmt":"2010-06-15T15:17:27","slug":"audusd-plows-through-85","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/15\/audusd-plows-through-85\/","title":{"rendered":"AUD\/USD Plows Through .85"},"content":{"rendered":"<p><strong>By Fast Brokers <\/strong>&#8211; The Aussie plowed through 5\/28 highs and its psychological .85 level as the risk trade experienced a solid rally following a report from the UK\u2019s budget office estimating a smaller than expected deficit.\u00a0 However, gains in the Aussie and other major dollar pairs were capped after news hit that Moody\u2019s is downgrade Greece\u2019s debt to junk.\u00a0 Although the downgrade had a negligible impact on the Euro, the news did sour enthusiasm generated by the new upward momentum in the risk trade.\u00a0 Meanwhile, investors are waiting on the release of the RBA\u2019s meeting minutes from this month\u2019s monetary policy decision.\u00a0 Investors will be looking to see how much the EU is weighing on the RBA\u2019s approach\u00a0 towards setting interesting rates.\u00a0 Also, investors will be looking to see whether the RBA governors are positive on Australia\u2019s economic state discounting negative developments in the EU.\u00a0 Australia\u2019s positive employment data did come after the RBA\u2019s rate decision, so investors could still favor the Aussie over the near-term.\u00a0 Meanwhile, although the Aussie does have some more room to the topside, the currency pair\u2019s downtrend is still in play until there is a fundamental shift in sentiment.<\/p>\n<p>Technically speaking, the Aussie faces technical barriers in the form of 6\/14 and 5\/18 highs.\u00a0 As for the downside, the Aussie has supports in the form of uptrend lines running from May lows along with 6\/11 lows and the psychological .85 and .84 levels.<\/p>\n<p>Price: .8575<br \/>\nResistances:\u00a0 .8587, .8617, .8637, .8664, .8690, .8713, .8738<br \/>\nSupports:\u00a0 .8565, .8547, .8523, .8500, .8469, .8455, .8435<br \/>\nPsychological:\u00a0 .85<\/p>\n<p><a href=\"http:\/\/www.fastbrokers.com\/commentary\/image\/June15Aussie.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.fastbrokers.com\/commentary\/image\/June15Aussie.png\" alt=\"\" width=\"595\" height=\"400\" \/><\/a><\/p>\n<p>(click chart to enlarge)<\/p>\n<p><em><strong>Market Commentary<\/strong><\/em> provided by <a href=\"http:\/\/fastbrokers.com\/index.php?9f9043f9\" target=\"_blank\"><strong>Fast                                    Brokers<\/strong>.<\/a><\/p>\n<p><strong>Disclaimer:<\/strong> FastBrokers\u2019 market commentary is                                    provided for information purposes only and     under    no               circumstances        should        be  regarded     neither   as  an       investment        advice nor as a             solicitation     or      an    offer     to sell\/buy     any         financial  product.          FastBrokers     assumes      no               responsibility   or  liability    from  gains  or         losses         incurred by      the            information herein       contained.<\/p>\n<p><strong>Risk Disclosure:<\/strong> There is a substantial risk of loss                                    in trading futures and foreign    exchange.        Please           carefully        review     all        risk   disclosure      documents    before        opening an    account        as   these           financial       instruments  are   not        appropriate      for all          investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Fast Brokers &#8211; The Aussie plowed through 5\/28 highs and its psychological .85 level as the risk trade experienced a solid rally following a report from the UK\u2019s budget office estimating a smaller than expected deficit.\u00a0 However, gains in the Aussie and other major dollar pairs were capped after news hit that Moody\u2019s is &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/06\/15\/audusd-plows-through-85\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AUD\/USD Plows Through .85&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10252","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=10252"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10252\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}