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  • US Dollar rises across the board on US data and higher yields.  
  • AUD/USD break range and drops to test 0.7100.  

The AUD/USD pair broke to the downside after the release of US data and extended the decline during the US session, on the back of renewed strength of the US dollar.  

After moving sideways around 0.7140 for hours, the pair turned lower after the release of US Q4 GDP data. Initially dropped to 0.7115 and recently broke even lower and tumbled to 0.7100, reaching a fresh 6-day low.  

Data showed the US economy expanded at a 2.6% annualized pace during the fourth quarter. The number came in above expectations, and also price indicators showed higher-than-expected numbers. Us yields jumped boosting the greenback. The 10-year just reach 2.71%, the highest level since early February. The US dollar also strengthened against emerging market currencies.  

So far, the decline in AUD/USD has been capped by the 0.7100 area. A break below 0.7100/0.7095 would signal more losses ahead. Support levels might be seen at 0.7070 and 0.7050/55 (February low). A recovery back above 0.7130 would remove some of the short-term bearish pressure.  

More levels  


       Today Last Price:  0.7115
       Today Daily change:  -0.0023  pips
       Today Daily change %:  -0.32%
       Today Daily Open:  0.7138
       Daily SMA20:  0.7149
       Daily SMA50:  0.7133
       Daily SMA100:  0.7165
       Daily SMA200:  0.7257
       Previous Daily High:  0.7199
       Previous Daily Low:  0.7127
       Previous Weekly High:  0.7207
       Previous Weekly Low:  0.707
       Previous Monthly High:  0.7296
       Previous Monthly Low:  0.6684
       Daily Fibonacci 38.2%:  0.7155
       Daily Fibonacci 61.8%:  0.7172
       Daily Pivot Point S1:  0.711
       Daily Pivot Point S2:  0.7083
       Daily Pivot Point S3:  0.7039
       Daily Pivot Point R1:  0.7182
       Daily Pivot Point R2:  0.7226
       Daily Pivot Point R3:  0.7254