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AUD/USD finds grounds at 0.9460 front

FXstreet.com (Chicago) - AUD/USD forges grounds around the 0.9460 zone after retracing considerably throughout the journey.

Data recap

Price action reveals the pair finds grounds after steep decline earlier in Asia. Australian data revealed an improving housing market with building permits at 18.6% vs. past 11.1%. In the US, the no-taper decision by the Fed was justified with job market results at 340K vs. expected 339K for initial jobless claims. However, a positive Chicago Purchasing Managers index at 65.9 vs. expected 55 evidenced improvements in that area.

AUD/USD Technical Levels

Technically speaking, the pair is offered at 0.9464 and oscillates between the supports aligned at 0.9415 (October 7th lows), 0.9353 (September 11th highs) ahead of 0.9285 (September 30th lows) and the resistances set at 0.9479 (October 12th highs), 0.9523 (September 18th highs) followed by 0.96 (October 23rd lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis below the EMA20.

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