Forex: AUD/USD threatens 1.0525/30 support; poor Australian data
Forex pairs in this Article » AUD/USD
FXstreet.com (Barcelona) - The Australian Dollar continues to press against line of support around 1.0520/30 after a bunch of domestic indicators fell well short of expectations. ANZ job ads stood at -3.8% in Dec, AU housing finance -0.5% in November vs +0.3%, while investment housing printed the same -0.5% poor number. The data has taken the pair down 20 pips towards 1.0520, new low for the day. Technically, "only a break below 1.0490 will favor more intraday losses, towards the 1.0400/30 price zone" says Valeria Bednarik, chief analyst at FXstreet.com.