Forex News: Australian Dollar holds steady after Greek News

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Forex News: Australian Dollar holds steady after Greek NewsThe Aussie and New Zealand Dollar remained firm in the wake of today’s Asian session as the Greek government won a vote of no confidence which opened the path for a vote on austerity measures which is due to take place next week.


The AUDUSD oscillated by some +/-20 pips around the 1.0597 levels with a peak and rough at 1.0612 and 1.0577 respectively in the wake of the Greek announcement. The New Zealand Dollar traded around 0.8115 rising from a low of around 0.8105 experienced at the end of yesterday’s US session.


Support for the Aussie is seen at 1.0580 at the 55-hour moving average, with resistance at yesterday’s US session peak of 1.0618. The release of the Westpac leading Index at 00:30 GMT is expected to see some movement in the AUDUSD, with the previous figure in the economic indicator at 0.5%.


The trading has eased up recently in the market as traders are reluctant to make big moves as the market is in anticipation of more Greek news scheduled to come in the upcoming days.