4 Dec 2014
AUD/USD offering a fading opportunity on a spike?
FXStreet (Guatemala) - AUD/USD is trading at 0.8422, up 0.21% on the day, having posted a daily high at 0.8431 and low at 0.8386.
AUD/USD has spiked a little higher away from the 0.84 handle in bearish territory on the basis of better than expected retail sales numbers and a narrowing trade balance. Retails sales in October picked up at 0.4% vs consensus of just 0.0% but lower than previous 1.3% month on month. The trade balance read at -1323m vs -1,900m expected and previous -2235m.
AUD/USD upside levels
0.8426 (Weekly Classic S1), 0.8431 (Daily High), 0.8453 (Daily Classic R1), 0.8469 (Yesterday's High) and 0.8470 (Hourly 100 SMA). Further downside levels come at 0.8363 (Daily Classic S2), 0.8342 (Weekly Classic S2) and 0.8293 (Daily Classic S3).
AUD/USD has spiked a little higher away from the 0.84 handle in bearish territory on the basis of better than expected retail sales numbers and a narrowing trade balance. Retails sales in October picked up at 0.4% vs consensus of just 0.0% but lower than previous 1.3% month on month. The trade balance read at -1323m vs -1,900m expected and previous -2235m.
AUD/USD upside levels
0.8426 (Weekly Classic S1), 0.8431 (Daily High), 0.8453 (Daily Classic R1), 0.8469 (Yesterday's High) and 0.8470 (Hourly 100 SMA). Further downside levels come at 0.8363 (Daily Classic S2), 0.8342 (Weekly Classic S2) and 0.8293 (Daily Classic S3).