8 May 2014
AUD/USD makes higher highs on China's trade figures
FXStreet (Bali) - AUD/USD is expanding its gains to a new high for the session at 0.9369 after improved Chinese data.
China April trade balance came at $ 18.46bn vs $13.90 0bn expected and $7.71bn prior. Exports were +0.9% vs -3.0% expected and -6.6% last, with imports at +0.8 % vs -2.1% expected and -11.3% last.
Amid the strong Chinese data, which follows an upbeat print in Australian jobs, Jim Langlands, Founder at FXCharts, expects next resistances at "0.9367, 0.9375 (23 April high) and 0.9400; above here would see sellers at 0.9425 and 0.9460 (10 Apr high)."
China April trade balance came at $ 18.46bn vs $13.90 0bn expected and $7.71bn prior. Exports were +0.9% vs -3.0% expected and -6.6% last, with imports at +0.8 % vs -2.1% expected and -11.3% last.
Amid the strong Chinese data, which follows an upbeat print in Australian jobs, Jim Langlands, Founder at FXCharts, expects next resistances at "0.9367, 0.9375 (23 April high) and 0.9400; above here would see sellers at 0.9425 and 0.9460 (10 Apr high)."