AUD/USD falls to test 0.8000 before recovery of the dollar

The dollar gained time throughout the market and pushed strongly to the down to the AUD/USD. The pair was testing 0.8040 and just marked minimum for the day at 0.7999.

The crossing is returning to the area of the lows of the week, to a step of extending the decline that began Friday after having marked maximum for the present year on 0.8100.

The present moment favours an extension of the correction, although the trend of long-pazo does not seem to be at risk. The rise of the dollar is given despite the inflation data wholesaler that is issued in the united States and that showed figures below what is expected. The advance of the dollar occurs in the context of renewed discussions in the united states for tax reform.

Levels to be taken into account

In case of extending the fall, the potential supports can be placed at 0.7975, 0.7940 (at least of last week) and 0.7920. In the opposite direction, the resistances can be seen at 0.8025 (moving average of 20 hours), 0.8044/48 (maximum of 12 and 13 September) and 0.8060.

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