AUD/USD higher on the day
Earlier, the Australian dollar tumbled to a session low at 0.7162 after a weak report on first quarter capital expenditures. They fell 5.2% compared to -3.5% expected. Within the report there were better signs on investment intentions and the Aussie quickly bounced back and climbed to a session high of 0.7244 early in US trading. It's consolidated lower since.
Bids:
- 0.7210 - US low
- 0.7184 - European low
- 0.7162 - Asian low
- 0.7150 - medium demand
- 0.7145 - May 24 low
- 0.7109 - March 1 low
- 0.7096 - Feb low
Offers:
- 0.7255 - 200 dma
- 0.7260 - May 23 high
- 0.7274 - tech resistance
- 0.7300 - offers extending up to 0.7320
- 0.7332 - May 18 high
- 0.7344 - 100-dma
- 0.7366 - May 17 high
