FXO 13-08

There are a couple to take note of on the day, as highlighted in bold.

The first being for EUR/USD at the 1.0900 mark again. So, that will help to keep a floor on price action at least until we get to the US PPI data later in the day.

Similarly, the ones for AUD/USD at the 0.6575 level should also help to limit any downside shove in the session ahead. That alongside the 100-hour moving average, which is now seen at 0.6572. That should continue to keep price more sticky near 0.6600 until we get to the US data.

For more information on how to use this data, you may refer to this post here.