AUD/USD finds bids at around 0.6300 and climbs to a new three-day high at around 0.6377 as the New York session progresses after US economic data fail
AUD/USD climbs to 0.6377, marking a 0.71% gain, despite subdued market sentiment and upcoming data. US economic data presents a mixed bag, with unemployment claims below forecasts and a narrowing deficit. Australia reports a 4% export growth, with the RBA Financial Stability Review looming in the Asian session. ed to underpin the Greenback , which remains battered ahead of September’s US employment report. The pair is exchanging hands at 0.6369, gains 0.71%.
On the Australian front, Australia’s exports grew by 4% after posting a 2% decline the previous month. Later in the Asian session, the economic docket would feature the Reserve Bank of Australia Financial Stability Review. AUD/USD Price Analysis: Technical outlook Despite jumping from around yearly lows, the AUD/USD downtrend remains in play unless the major climbs past the latest cycle high seen at 0.6522. If buyers want to reclaim the latter, they must challenge key resistance levels at 0.
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