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28 Nov 2013
AUD/USD unleashed on data; reaches 0.9115 session highs
FXstreet.com (Chicago) - AUD/USD broke immediate resistance at 0.9077 to print 0.9115 session highs shortly after the release of Australian data.
At 3.6%, private capital expenditures increased by 2% compared to the previous month. In previous data releases, the HIA new home sales were -3.8% vs. past 6.4%. With Thanksgiving day in the US, markets will be closed.
AUD/USD Technical Levels
Technically speaking, the pair is offered at 0.9112 and oscillates between the supports aligned at 0.9060 (July 8th highs), 0.9031 (September 4th lows) ahead of 0.90 (July 16th lows) with a broken resistance at 0.9077 (November 26th lows) now facing 0.9122 (November 25th lows) followed by 0.9186 (November 22nd highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish and navigates below the EMA20.
At 3.6%, private capital expenditures increased by 2% compared to the previous month. In previous data releases, the HIA new home sales were -3.8% vs. past 6.4%. With Thanksgiving day in the US, markets will be closed.
AUD/USD Technical Levels
Technically speaking, the pair is offered at 0.9112 and oscillates between the supports aligned at 0.9060 (July 8th highs), 0.9031 (September 4th lows) ahead of 0.90 (July 16th lows) with a broken resistance at 0.9077 (November 26th lows) now facing 0.9122 (November 25th lows) followed by 0.9186 (November 22nd highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish and navigates below the EMA20.