- The dollar picks up pace throughout the market, DXY exceeds 90.20 and reaches highs in weeks.
- AUD / USD tests the 0.7700 zone, a close well below would deteriorate the outlook for the Aussie.
The AUD / USD broke below 0.7710 / 15 and fell to 0.7695, reaching the lowest level since May 13. The price remains in the minimum zone, under pressure.
The decline in the pair was due to an advance of the dollar throughout the market. The DXY rose above 90.20, hitting a one-week high. This rise in the dollar occurred despite the stability in the bond market and in Wall Street futures, which would reflect a strengthening of the dollar.
In minutes the personal income and spending report will be published (which also includes data on underlying consumption inflation) and later the Chicago PMI index and the University of Michigan consumer confidence index.
Technically, the AUD / USD is at a critical support which is the 0.7700 zone. A close below said zone clearly, would leave the way ready for more falls and a short-term deterioration for the pair. The next support is at 0.7675 (May low).
Technical levels
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