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Forex: AUD/USD retreats 0.18%

By FXstreet.com,  April 16, 2012, 06:46:00 AM EDT

FXstreet.com (Barcelona) - The aussie lost 0.18% against the greenback in the early hours of the European session. Later today a long series of economic indicators for the US economy will publish results, giving a better picture of the recovery. From 12:30 to 19:30 GMT there will be announcements with the latest figures for manufacturing, retail sales, business inventories, housing and a speech of the St. Louis Fed president James Bullard.

The cross is currently at 1.0353, facing resistance at 1.0433, ahead of 1.0494 and 1.0532 according to FXstreet.com pivot points on technical tools. On the downside, there is support at 1.0334, before 1.0296 and 1.0235.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



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