Aussie spiked about 20 pips on the release of much weaker than expected retail sales and capex reports. The decline was quickly bought into and the pair is holding firmly above 0.75 which was briefly pierced in yesterday's trading.
The big figure is reinforced by 100 DMA with the next stronger support coming in between late July low (~0.7425) and 200 DMA (~0.7380). Some resistance may be encountered at 50 DMA (~0.7560) and then near May - August trendline (~0.7585).
The big figure is reinforced by 100 DMA with the next stronger support coming in between late July low (~0.7425) and 200 DMA (~0.7380). Some resistance may be encountered at 50 DMA (~0.7560) and then near May - August trendline (~0.7585).
