Forex: AUD/USD retraces ground after 1.0400 peaks
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AUD/USD
FXstreet.com (Barcelona) - After climbing as high as 1.0404 on positive data out of the preliminary Chinese manufacturing PMI, the upside impetus run out of steam and the Aussie dollar gave away some ground, retreating to the area at 1.0385/90 on Thursday.
No further results are expected in Australia. In the rest of the markets, thin trade is expected to prevail as US markets will be closed due to Thanksgiving Day holiday.
AUDUSD is up 0.16% at 1.0386 with the next resistance at 1.0425 (high Nov.20) ahead of 1.0440 (Upper Bollinger).
On the downside, a dip below 1.0332 (low Nov.19) would open the door to 1.0314 (Lower Bollinger) and then 1.0287 (low Nov.16).
No further results are expected in Australia. In the rest of the markets, thin trade is expected to prevail as US markets will be closed due to Thanksgiving Day holiday.
AUDUSD is up 0.16% at 1.0386 with the next resistance at 1.0425 (high Nov.20) ahead of 1.0440 (Upper Bollinger).
On the downside, a dip below 1.0332 (low Nov.19) would open the door to 1.0314 (Lower Bollinger) and then 1.0287 (low Nov.16).
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