Friday 28 March 2014

AUD/USD Currency Move Up - US Consumer Spending Rises

AUD/USD Currency

The Loonies relieved off from 4 month high versus the Greenback on 28th March 2014, with the data displaying consumer spending in the US increasing in February to a top level in three months.
The AUD/USD moved on the Forex session at 0.9295, later the pair dwindled down at 0.9244, reducing at a level of 0.15%. Forex traders speculate a lead of support with a low at 0.9216 and a resistance with a high at 0.9334.

With almost 70% of the American economy providing support to the consumer spending, an increase of 0.3% was seen last month, which drove high sentiments on the Forex Market. Further data from US Commerce Department supported that incomes increased by 0.3% in Feb.

1 comment:

  1. Ya.... Great news to all forex traders, as i am already speculate about this AUD/USD Rises 0.3% increment is good news to all US peoples ..

    http://what-is-forextradings.blogspot.in/

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