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20 Dec 2013
AUD/USD tests daily highs after US GDP revision
FXstreet.com (San Francisco) - The Aussie is trading higher right now against the US dollar following the strong data in US GDP. The AUD/USD climbed around 30 pips from 0.8855 to test fresh daily highs at 0.8890.
The AUD/USD is currently trading at 0.8875, 0.22% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. CCI and Momentum are pointing to the north while the Stochastic and the MACD are neutral.
According to Matt Bacon-Hall from FXBeat, there are long positions that "are looking for a stop run above 0.8900 to liquidate into." In addition, market is watching "sell interest 0.8870-80, with an ABC correction terminating at 0.8888."
The AUD/USD is currently trading at 0.8875, 0.22% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. CCI and Momentum are pointing to the north while the Stochastic and the MACD are neutral.
According to Matt Bacon-Hall from FXBeat, there are long positions that "are looking for a stop run above 0.8900 to liquidate into." In addition, market is watching "sell interest 0.8870-80, with an ABC correction terminating at 0.8888."