AUD/USD: Caught in the Range

FXStreet — The currency pair AUD/USD on Thursday with no clear direction and traded in a 40 Pip sideways range. The US Dollar Index, the currency had influenced some in the last days, offered no new stimulus. The Few listed last on 0,7362 and thus 0.07 percent in the Minus.

After the US Dollar Index, the Greenback versus six major currencies on a trade-weighted Basis, compares, in the European business on a 20-day High at 99,77 rose was, he turned in the New York trade, given the weak Performance of the US yields. The Index was last updated to 99.50, and thus hardly changed compared to the previous day’s closing price. The currency pair is likely to find up to tomorrow’s publication of the consumer prices and retail sales in the US, probably has no clear direction. In Australia, the calendar with no significant data are due in the economy.

Chart technically, the quantitative RSI indicator of the 30-point mark, which suggests that the currency pair continue its correction from the oversold market conditions, which emerged in response to the sharp selloff on Wednesday, Fort. Despite the recent recovery, the Pair remains the fourth week in a row in the Minus.

USA: retail sales in focus

Important Course Brands

The next supports lie at 0,7330 (Deep 09. May), 0,7285 (Deep 06. January), and 0.72 (psychological mark). Resistors, however, are at 0.7400 (psychological level), 0,7465 (20-day line) and 0,7540 (200-days-line).

** FXStreet News Editorial, FXStreet**

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