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5 Aug 2013
AUD/USD on non-stoppable fall
FXstreet (Chicago) – AUD/USD was dragged 0.19% on strengthening of the US dollar at start of Monday’s trading session in Asia.
At 00:30 GMT, the TD Securities Inflation was released in Australia. The results proved higher MoM inflation at 0.5% vs. previous flat percentage with YoY rate at 2.7% vs. previous 2.4%. Despite higher rating, the Aussie weakened to trade at 0.8887 between supports at 0.8866 (July 29 lows), 0.8810 (December, 2010 lows) 0.8775 (August 15th lows) and resistances at 0.8907 (August 2 highs), 0.8970 (July 18th, 2010 highs), 0.8830 (January 15th lows).
Price action indicated potential ground as the pair bounced twice from 0.8880 regions. On one-hour timeframe analysis, FXstreet.com technical studies identified pair as slightly bullish as CCI and Momentum indicators pointed up.
In 10m, Australia is to release retail sales data for June with expectations higher than previous months at 0.4%.
At 00:30 GMT, the TD Securities Inflation was released in Australia. The results proved higher MoM inflation at 0.5% vs. previous flat percentage with YoY rate at 2.7% vs. previous 2.4%. Despite higher rating, the Aussie weakened to trade at 0.8887 between supports at 0.8866 (July 29 lows), 0.8810 (December, 2010 lows) 0.8775 (August 15th lows) and resistances at 0.8907 (August 2 highs), 0.8970 (July 18th, 2010 highs), 0.8830 (January 15th lows).
Price action indicated potential ground as the pair bounced twice from 0.8880 regions. On one-hour timeframe analysis, FXstreet.com technical studies identified pair as slightly bullish as CCI and Momentum indicators pointed up.
In 10m, Australia is to release retail sales data for June with expectations higher than previous months at 0.4%.