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25 Jun 2013
AUD/USD testing the support on US data release
FXstreet.com (Barcelona) - AUD/USD has been supported at around 0.9240/50 throughout the European session with a high at 0.9299.
We have had further data for the US and again positive again for the dollar in the form of both Consumer Confidence (Jun) and New Home Sales (MoM) (May) at 1400GMT. Consumer Confidence (Jun) came in at 81.4 vrs a consensus of 76.6 and previous 76.2 while New Home Sales (MoM) (May) improved at 0.476mvrs a consensus of 0.460m and previous 0.454m. Earlier, we saw Durable Goods Orders (May) in at 3.6% vrs consensus 1.8% and previous 3.5% Durable Goods Orders ex Transportation (May) came in at 0.7% vrs consensus 0.1% and previous 1.5%
AUD/USD testing out support
AUD/USD is now testing the support area dropping almost 20 pips on the data release. The pivot is the obvious target 0.9233 and closes on the 5 min chart below will signal lower lows for 0.9200 psychological levels and the low at 0.9197.
We have had further data for the US and again positive again for the dollar in the form of both Consumer Confidence (Jun) and New Home Sales (MoM) (May) at 1400GMT. Consumer Confidence (Jun) came in at 81.4 vrs a consensus of 76.6 and previous 76.2 while New Home Sales (MoM) (May) improved at 0.476mvrs a consensus of 0.460m and previous 0.454m. Earlier, we saw Durable Goods Orders (May) in at 3.6% vrs consensus 1.8% and previous 3.5% Durable Goods Orders ex Transportation (May) came in at 0.7% vrs consensus 0.1% and previous 1.5%
AUD/USD testing out support
AUD/USD is now testing the support area dropping almost 20 pips on the data release. The pivot is the obvious target 0.9233 and closes on the 5 min chart below will signal lower lows for 0.9200 psychological levels and the low at 0.9197.