AUD/USD FORECAST: BULLS CHARGING FOR 0.7200

AUD/USD Forecast: Bulls charging for 0.7200

AUD/USD Current Price: 0.70492

Aussie price up three days in a row

The AUD/USD pair is up for a third consecutive day and poised to extend its gains according to intraday technical readings.

Australian macroeconomic data was slightly better than anticipated.
Rallying Wall Street provided support to the Aussie during US trading hours.

FX Signal Indicator

Data coming from Australia passed unnoticed, although it was encouraging as the October AIG Performance of Construction Index came in at 52.7 from 45.2 in the previous month. Also, September Retail Sales were upwardly revised from -1.5% to -1.1%. Australia will publish the September Trade Balance this Thursday, previously at 5114M.

*This is not a trade signal. Do your own due dilligence before placing any trades.*