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27 Feb 2015
AUD/USD licking its wounds below 0.78 handle
FXStreet (Guatemala) - AUD/USD is currently trading at 0.7799 with a high of 0.7803 and a low of 0.7797.
AUD/USD is licking its wounds after a terrible performance in the US session, losing over a cent with a very strong greenback on the back of strong data in January's real weekly wages up by 1.2% vs 0.3% consensus. Durable goods were impressive also and CPI excluding autos and food were higher than expected also.
Oil was also 4% lower and gold was over 13 bucks lower from the highs; all were dragging on the commodity currencies. Technically, the ascending support line is holding still although the pair remains heavy and eyes the 0.7740 support of the past 12 days formed on the 13th.
AUD/USD is licking its wounds after a terrible performance in the US session, losing over a cent with a very strong greenback on the back of strong data in January's real weekly wages up by 1.2% vs 0.3% consensus. Durable goods were impressive also and CPI excluding autos and food were higher than expected also.
Oil was also 4% lower and gold was over 13 bucks lower from the highs; all were dragging on the commodity currencies. Technically, the ascending support line is holding still although the pair remains heavy and eyes the 0.7740 support of the past 12 days formed on the 13th.