#AUDUSD @ 0.65232 eyes downside to near 0.6500 focus shifts to US Durable Goods data (Pivot Orderbook analysis)

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The pair currently trades last at 0.65232.

The previous day high was 0.6656 while the previous day low was 0.6512. The daily 38.2% Fib levels comes at 0.6567, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.6601, expected to provide resistance.

The AUD/USD pair has opened around previous week’s low at 0.6511 and is expected to remain on the tenterhooks as risk-off prospects have soared after the warning from Russian leader ladiir Putin. The Russian Federation has warned for a nuclear attack in retaliation against the western sanctions. After Russia’s invasion of Ukraine G-7 countries are levying sanctions on Russia in terms of oil pries and SWIFT remittances fro other countries.

The asset is hovering around previous week’s low and is epeted to slip down to near the psyhologial support of 0.6500. Apart from the risk-off market ood the ipat of the hawkish guidance fro the Federal Resere (Fed) is epeted to reain for a longer period.

The Fed sees that the interest rates will peak around 4.6% whih sees optimal to tackle inflationary pressures. No doubt the announcement has forced the institutional investors to trim their growth projections forecasts for employment numbers and housing sales.

Going forward investors will fous on the US Durable Goods Orders data which is expected to decline by 1.1% against a decline of 0.1% reported earlier. Investors should be aware of the fat that inflationary pressures remained lower in August as US headline onsuer Prie Index (PI) dropped to 8.3% from the prior release of 8.5%.

Therefore a decline in the price pressures is expected to impact on Retail Sales too. Also the gasoline demand has remained etereely poor in the past three weeks which will have its impact on the Retail Sales data.

Technical Levels: Supports and Resistances

AUDUSD currently trading at 0.6526 at the time of writing. Pair opened at 0.6526 and is trading with a change of -0.0 % .

The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 0.6755, 50 SMA 0.6876, 100 SMA @ 0.6927 and 200 SMA @ 0.7094.

The previous day high was 0.6656 while the previous day low was 0.6512. The daily 38.2% Fib levels comes at 0.6567, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.6601, expected to provide resistance.

Note the levels of interest below:

• Pivot support is noted at 0.6473, 0.642, 0.6329
• Pivot resistance is noted at 0.6617, 0.6709, 0.6762

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