{"id":9605,"date":"2010-05-20T12:24:45","date_gmt":"2010-05-20T16:24:45","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9605"},"modified":"2010-05-20T12:24:45","modified_gmt":"2010-05-20T16:24:45","slug":"audusd-tests-august-2009-lows","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/20\/audusd-tests-august-2009-lows\/","title":{"rendered":"AUD\/USD Tests August 2009 Lows"},"content":{"rendered":"<p><strong>By Fast Brokers<\/strong> &#8211; The Aussie is barreling lower today as the currency pair continues to be an underperformer among the major dollar pairs.\u00a0 The driving forces remain the same.\u00a0 The RBA\u2019s rate hike regime seems to be coming to an end, deflating the relative strength build up in the Aussie built up over the past 10 months.\u00a0 Hence, the currency pair finds itself more exposed to fiscal issues in the EU as well as debt concerns in the UK and EU.\u00a0 Secondly, the Shanghai Composite is continuing its own freefall with the index headed towards 2500.\u00a0 As we\u2019ve explained repeatedly, weakness in China equates to weakness in Australia since China\u2019s demand for Australia\u2019s resources as been fueling RBA rate hikes and consequently Aussie gains.\u00a0 Meanwhile, the CAC and DAX are both down around -2% right now as uncertainty in the EU weighs on equities around the globe.\u00a0 Australia will be absent from tomorrow\u2019s data wire, leaving the Aussie up to present momentum and any new developments in the EU over the next 24-48 hours.<\/p>\n<p>Technically speaking, the Aussie faces technical barriers in the form of intraday highs and the psychological .85 level. As for the downside, the Aussie has technical cushions in the form of intraday and September 2009 lows.<\/p>\n<p>Price: .8251<br \/>\nResistances:\u00a0 .8272, .8291, .8314, .8329, .8341, .8363, .8384<br \/>\nSupports:\u00a0 .8251, .8224, .8195, .8172, .8154, .8138<br \/>\nPsychological:\u00a0 .85, .84, .83, July and August 2009 lows<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/May20Aussie.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/May20Aussie.png\" alt=\"\" width=\"595\" height=\"400\" \/><\/a><\/p>\n<p><em><strong>Market Commentary<\/strong><\/em> provided by <a href=\"http:\/\/www.fastbrokers.com\/index.php?CP001\" 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 is barreling lower today as the currency pair continues to be an underperformer among the major dollar pairs.\u00a0 The driving forces remain the same.\u00a0 The RBA\u2019s rate hike regime seems to be coming to an end, deflating the relative strength build up in the Aussie built up over the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/20\/audusd-tests-august-2009-lows\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AUD\/USD Tests August 2009 Lows&#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-9605","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9605","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=9605"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9605\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}