3 Jul 2013
AUD/USD finds dip buyers post Aus economic releases
FXstreet.com (Barcelona) - On the back of positive Chinese news hitting the newswires, with the PBOC looking to sell 91-day bills, the AUD/USD is strengthening further, after some dip buyers emerged, last at 0.9182 post release of economic indicators.
Trade balance upbeat; Retail Sales disappoints
Aus Retail Sales s.a. (MoM) (May) came at 0.1% vs +0.3% and +0.2% prior, so that was a disappointment. However, the trade balance beat expectations, with, AUD trade balance (May)at 670M vs 171M. Exports (May) were up +4% vs -1% prior, while Imports (May) stood at +2% vs +1%.
AUD/USD Technical levels
AUD/USD is facing the next layer of offers at 0.92 round number, high from last European spike, ahead of 0.9250, twin high from July 1. On the downside, 0.9150 shuold now act as supportive mean ahead of lower sequence of lows through present Asian session at 0.9130.
Trade balance upbeat; Retail Sales disappoints
Aus Retail Sales s.a. (MoM) (May) came at 0.1% vs +0.3% and +0.2% prior, so that was a disappointment. However, the trade balance beat expectations, with, AUD trade balance (May)at 670M vs 171M. Exports (May) were up +4% vs -1% prior, while Imports (May) stood at +2% vs +1%.
AUD/USD Technical levels
AUD/USD is facing the next layer of offers at 0.92 round number, high from last European spike, ahead of 0.9250, twin high from July 1. On the downside, 0.9150 shuold now act as supportive mean ahead of lower sequence of lows through present Asian session at 0.9130.