Australia n Dollar depreciates after the release of mixed domestic economic numbers. Australia ’s Trade Balance fell to 7,280M MoM in March, from February’s reading of 11,027M. US Dollar could lose ground due to lower US Treasury yields. The Australia n Dollar snaps its three-day winning streak following the release of unchanged Final Retail Sales and downbeat Trade Balance data from Australia on Friday.
On the downside, key support is identified around the nine-day Exponential Moving Average of 0.6552 and the major support level of 0.6550. A breach below the latter could exert downward pressure on the AUD/USD pair, potentially leading it toward the psychological level of 0.6500. AUD/USD: Daily Chart Australian Dollar price today The table below shows the percentage change of Australian Dollar against listed major currencies today. Australian Dollar was the weakest against the Japanese Yen.
SEO Majors Macroeconomics Australia
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