13 May 2014
AUD/USD rockets to daily highs after US data
FXStreet (San Francisco) - The Aussie is trading higher against the US Dollar following the weaker than expected US retail sales numbers in April as well as IPP index. The AUD/USD is now testing the 0.9380 area after jumping 40 pips in the latest few minutes.
US retail sales rose for third month in a row with a 0.1% increase in April; however the number was weaker than the 0.4% expected by market; March data was revised up to 1.5% from 1.1% previously published.
Currently, AUD/USD is trading at 0.9378, up 0.19% on the day, having posted a daily high at 0.9384 and low at 0.9333. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
AUD/USD levels
If the pair manages to break the 0.98380 area, it would face next resistances at 0.9385 and 0.9395. On the downside, supports are at 0.9350, 0.9330 and 0.9320.
There are orders reported at 0.9450-70 sell, 0.9410 Buy and 0.9390-10 sell on the upside; while 0.9320-35 buy, 0.9320 sell and 0.9250-70 buy.
US retail sales rose for third month in a row with a 0.1% increase in April; however the number was weaker than the 0.4% expected by market; March data was revised up to 1.5% from 1.1% previously published.
Currently, AUD/USD is trading at 0.9378, up 0.19% on the day, having posted a daily high at 0.9384 and low at 0.9333. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
AUD/USD levels
If the pair manages to break the 0.98380 area, it would face next resistances at 0.9385 and 0.9395. On the downside, supports are at 0.9350, 0.9330 and 0.9320.
There are orders reported at 0.9450-70 sell, 0.9410 Buy and 0.9390-10 sell on the upside; while 0.9320-35 buy, 0.9320 sell and 0.9250-70 buy.