AUD/USD peters out at 0.9067 correction resistance; test of 0.8938 coming?
FXstreet.com (Barcelona) – The AUD/USD gave it a shot, but even with horrible durable goods numbers out of the US Monday, the cross could not rally past key “correction resistance” at 0.9067.
Weak US data couldn’t give the AUD/USD the fuel it needed to break out
The US Durable Goods numbers that came out Monday morning sent Treasury rates lower and dragged the Dollar down with it for about 30 minutes. However, the AUD/USD cross set a top at just about 13:00 GMT and slid lower almost uninterrupted until it finally stabilized at 17:30 GMT. …read more