AUDUSD rises to 0.7758 levels after Australian Inflation Data !!

forex min
forex min

The Australian consumer price index stands at 0.2% , unchanged as analysts expected  . No bad data means good data when the pair is supported on the daily time frame ….

As we said before , a reading within 0.2% : 0.5% range will bring sideways move within support and resistance range with possible to break higher , the pair jumped from the main support level 0.7672  towards the key resistance 0.7758 , at the moment the pair trades above this level , note that this level is supposed to serve as resistance and pushed the pair towards the main support 0.7672, sustained breakout – daily closing – above the 0.7758 levels will advance the pair further higher towards the 0.7842 levels…

AUDUSD rises to 0_7758 levels after Australian Inflation Data !!


Further Reading:

[srp post_limit=’1′ display_thumbnail=’yes’ thumbnail_height=’80’ thumbnail_width=’90’ thumbnail_link=’yes’ post_date=’no’ string_break=’…’ post_title_header=’H4′ widget_title_hide=’yes’ post_include=’23423′]