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15 Jul 2013
AUD/USD bounces to trade flat
FXstreet.com (Córdoba) - The AUD/USD erased intraday losses after US June retail sales disappointed and weighed on the greenback.
AUD/USD boosted by US retail sales
AUD/USD bounced from a daily low of 0.9035 following the release of retail sales data, and rose back to the 0.9075 zone, where it is trading, virtually unchanged since opening. With no much data on the calendar for the American session, the pair may take cues from the stock market.
As for technical levels, if AUD/USD breaks below 0.9035, next supports are seen at 0.9000 (psychological level) and 0.8997 (Jul 12 low), while on the flip side, resistances are seen at 0.9120 (daily high) and 0.9150 (100-hour SMA).
AUD/USD boosted by US retail sales
AUD/USD bounced from a daily low of 0.9035 following the release of retail sales data, and rose back to the 0.9075 zone, where it is trading, virtually unchanged since opening. With no much data on the calendar for the American session, the pair may take cues from the stock market.
As for technical levels, if AUD/USD breaks below 0.9035, next supports are seen at 0.9000 (psychological level) and 0.8997 (Jul 12 low), while on the flip side, resistances are seen at 0.9120 (daily high) and 0.9150 (100-hour SMA).