AUD/USD hit 0.9307 during early European trade, the session low; the pair subsequently consolidated at 0.9318, slipping 0.13%.The pair was likely to find support at 0.9258, the low of June 5 and resistance at 0.9388, Wednesday’s high.Official data showed that building approvals in Australia dropped 5.0% last month, compared to expectations for a 2.0% decline. Building approvals for May were revised to an increase of 10.3% from a previously estimated 9.9% rise.A separate report showed that Australia’s import prices fell 3.0% in the second quarter, after a 3.2% rise in the three months to April. Analysts had expected import prices to drop 1.3% in the last quarter
INTRADAY OUTLOOK
Support: 0.92773
Resistance: 0.9356
RECOMMENDATION:
1. Buy AUD/USD Above 0.9357 TG: 0.9377/ 0.9407 SL 0.9327
2. Sell AUD/USD Below 0.9271- TG: 0.9251/0.9221 SL 0.9301
INTRADAY OUTLOOK
Immediate Support: 1.3303
Immediate Resistance: 1.3398
RECOMMENDATION:
1. Buy EUR/USD Above 1.3400- TG: 1.3420/1.3450 SL 1.3370
2. Sell EUR/USD Below 1.3301- TG: 1.3281/1.3251 SL 1.3331
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