Price Movement Since yesterday, AUD/USD moved up by around 20pips before coming back down for around 40pips.
Trend Overall, AUD/USD is moving on a downtrend.
Macro Background The U.S. Retail Sales data measures the change in the total value of sales at the retail level. It is scheduled to be released tonight at 2130 (SGT). It is expected to perform worse than previous month. If the released data is worse than or as expected, we may see a weakening in the U.S. dollar and AUD/USD will be moving up.
Important Issue None.
Technical Yesterday, AUD/USD tested and rejected the resistance level of 0.71339.
Price Levels Current Price: 0.71030 Next Resistance: 0.71339 Next Support: 0.70548