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4 Nov 2013
AUD/USD reaches 0.9495 session highs
FXstreet.com (Chicago) - AUD/USD reacts positively to Australian data releases reaching 0.9495 session highs above the EMA20.
Australian data came in mixed with TD securities matching prior results at 2.1%, the house price index (QoQ) at 1.9% vs. past 2.7% and expected 2.1%. Retail sales (MoM) were 0.8% vs. past 0.5% and estimates at 0.4%.
AUD/USD Technical Levels
Reacting positively to Australian data released a few minutes ago, the pair consolidates a reversal targeting the 0.95 front. Price action reveals the pair is backed by price movement of primary, secondary and short-term trends and is offered at 0.9488 oscillating between the supports aligned at 0.9454 (October 28th highs), 0.9411 (October 8th lows) ahead of 0.9349 (September 11th highs) and the resistances set at 0.95 (October 14th lows), 0.9526 (September 18th highs) followed by 0.9567 (October 24th lows).
Australian data came in mixed with TD securities matching prior results at 2.1%, the house price index (QoQ) at 1.9% vs. past 2.7% and expected 2.1%. Retail sales (MoM) were 0.8% vs. past 0.5% and estimates at 0.4%.
AUD/USD Technical Levels
Reacting positively to Australian data released a few minutes ago, the pair consolidates a reversal targeting the 0.95 front. Price action reveals the pair is backed by price movement of primary, secondary and short-term trends and is offered at 0.9488 oscillating between the supports aligned at 0.9454 (October 28th highs), 0.9411 (October 8th lows) ahead of 0.9349 (September 11th highs) and the resistances set at 0.95 (October 14th lows), 0.9526 (September 18th highs) followed by 0.9567 (October 24th lows).