FxWirePro: AUD/USD rally stalls shy of 0.7150, strong support at 0.7112 (daily Tenkan)
AUD/USD extended gains the mid-Asian session, as the Aussie received fresh impetus from better than expected Australia's housing data Australia House prices beat expectations in Q2, were up 4.7% on quarter, beating expec…
AUD/USD extended gains the mid-Asian session, as the Aussie received fresh impetus from better than expected Australia's housing data
Australia House prices beat expectations in Q2, were up 4.7% on quarter, beating expectations for a 2.5% rise, following the 1.6% gain in Q1
Separately, ANZ's Consumer Confidence Index showed an 8.7% jump last week, from 105.3 to 114.5, which also boosted the AUD bulls
Rally in the pair was however capped at 0.7148, just shy of the 0.7150 handle
AUD/USD has given up some of the gains and is currently trading at 0.7128, with immediate support at 0.7112 (daily Tenkan) and resistance at 0.7146 (daily Kijun)
Breaks below daily Tenkan at 0.7112 could take the pair to 0.7084 levels, we would look for a break below 0.7110 to go short
