AUD/USD suffers from a USD-strength

FXStreet – According to a session high of 0,7460 shortly before the beginning of the American trading session for the currency pair AUD/USD is again down, as the Greenback versus its rivals, after good macro data from the United States, new bids received. The Couple listed recently on 0,7440 and to 0.20 per cent in the Minus.

After the first, new macroeconomic data from the United States, jumped, the US Dollar Index to the highest level since last Friday, when 97,42, which is why the AUD/USD retreated from its daily highs. The second estimate for gross domestic product for the first quarter was set up by 0.7 percent to 1.2 percent. Much more important, however, was that the growth of expenditure, especially by increasing consumption. In the course of the meeting was published by the University of Michigan collected in the consumer climate. The Index deteriorated from 97.7 to 97.1 points. However, the data set was in line with the average value from December to March, and triggered a selloff in the Dollar.

The economic calendar provides in the further course of the Session, no further economic data as we approach the end of the current weeks and the strength of the greenback is likely to remain, therefore, for the Rest of the day was the exclusive driver for the currency pair.

Technical Levels

The pair dropped as a reaction to yesterday’s selloff below its upward trend and the RSI indicator has pulled back in the daily chart below the 50-point mark, suggesting more losses close. The next Resistances lie at 0,7500 (psychological mark), 0,7560 (20 WMA) and 0,7610 (High-17. April). Supports on the other hand, 0,7420 (20-DMA), 0,7330 (Deep 09. May) and 0,7285 (Deep 06. To find in January).

** FXStreet News Editorial, FXStreet**

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