Monexnews-Australia's economy data Releases this morning (04/03) which shows the number of mix cash drag AUD/USD currency to as low as five month low at 1.0178. Building permits Data misses far from expectations, down 2.4%. While the ANZ job advertisements data rises sharply in the 12 months to 3%. Currency exchange rate has so far dropped 0.14%. The current Aussie 1.0180 level.
"The hourly Chart shows prices in the range of 20 HIGH SCHOOL limited with the indicator moves under the midlines. Currency exchange rate can potentially test the interest level, where purchasing 1.0150 predicted will increase, "explains Valeria Bednarik, Chief Analyst with Fxstreet.com. "If it managed to penetrate the level, an indication of the weakening of the Aussie will continue. 1.0270 Level will be a key resistance level, "he explained.
Support Level at 1.0150 and 1.0110, while resistance level at 1.0270 1.0220, and 1.0300.
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