AUD - Weak data weighs on Australian dollar
Weak data weighs on Aussie
The trend of AUD/USD, as seen in the technical charts, is expected to usher in a callback trend as the RSI and the stochastic index have just turned back from the overbought area. The closest support is expected to be the 0.70 points and the 200-day moving average of 0.6810. The next level will look at the bottom of December last year at 0.6629. As for the upper resistance is estimated at 0.7150, the largest resistance will be seen at 0.72 and 0.7280 levels.
This week's news:
Australia's retail sales unexpectedly fall 3.9% in December, biggest drop since August 2020
Resistance 0.7150 - 0.7200 – 0.7280
Support 0.7000 - 0.6810 - 0.6629
EMPEROR VIP CENTRE : Room 801, 8th Floor, Emperor Group Centre, 288 Hennessy Road, Wanchai, Hong Kong
Hot Line: (852) 9262 1888 / (86) 135 6070 1133
Copyright © MW801.COM.