Australian Dollar gains ground on improved domestic economic data on Thursday. Australia’s Judo Bank Services and Composite PMIs improved to 54.4 and 53.3, respectively, in March. US Dollar receives downward pressure due to lower US Treasury yields. The Australian Dollar continues to gain ground on the third successive session after improved Judo Bank Purchasing Managers Index data released on Thursday.
6596, in conjunction with the psychological level of 0.6600. A breakthrough above this level could lead the AUD/USD pair to explore the area around the major level of 0.6650 and March’s high of 0.6667. On the downside, Immediate support is seen around the major level of 0.6550 and the 14-day Exponential Moving Average of 0.6543. A break below the latter could exertdownward pressure on the AUD/USD pair to approach the psychological level of 0.6500.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australian Dollar appreciates amid stronger Chinese Manufacturing PMI, weaker US DollarThe Australian Dollar (AUD) retraces its recent losses on Monday, possibly bolstered by positive Chinese Purchasing Managers Index (PMI) figures.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Australian Dollar edges lower amid a lower equity market, stable US DollarThe Australian Dollar (AUD) retraces its recent gains registered on Tuesday, edging lower on Wednesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Australian Dollar extends gains after paring losses amid softer Aussie Retail SalesThe Australian Dollar (AUD) manages to recover its intraday losses and extends its gains on Thursday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Australian Dollar depreciates on risk aversion amid a stronger US DollarThe Australian Dollar (AUD) extends its losses for the second successive session on Friday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Australian Dollar advances amid stable US Dollar, with attention on Fed policy decisionThe Australian Dollar (AUD) has rebounded from intraday losses and is striving to shift into positive territory on Wednesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Australian Dollar loses ground amid stronger US Dollar after mixed data on ThursdayThe Australian Dollar (AUD) depreciates for the second consecutive session on Friday, as the US Dollar (USD) strengthened following mixed S&P preliminary Purchasing Managers Index (PMI) data and robust weekly Jobless Claims from the United States (US).
Source: FXStreetNews - 🏆 14. / 72 Read more »