AUD/USD Live News

AUD/USD recovered back almost all the way to 0.7753 after dipping down to 0.7724. (Start trading Australian dollars at FXTM today).

On the flip side, Australia Employment Change released yesterday at 1:30 AM is better than expected at 70,700 but down from preceding data of 88,700 according to new data. United States Building Permits came out at 1.77 million, above the estimate of 1.75 million. This is also a step forward from the previous data of 1.72 million. United States Core Retail Sales beat expectations of five with the new data release of 8.4. This is also a step forward from the previous data of -2.5.

As the day reaches an end, a chart visual study suggests the nearest support level is at 0.7584, while the closest resistance is at 0.7803. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. Asset volatility analysis shows that the upper Bollinger band is at 0.773, indicating a further downward move might be next. However, the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend.

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for the Aussie/Dollar

positive performance, however, can be seen looking at other symbols as the Dow Jones reaches a new record high at 34,257. S&P ascends to 4,187, its highest rate ever.