{"id":119438,"date":"2018-01-12T09:33:55","date_gmt":"2018-01-12T14:33:55","guid":{"rendered":"http:\/\/countingpips.com\/?p=119438"},"modified":"2018-06-01T15:46:44","modified_gmt":"2018-06-01T15:46:44","slug":"audusd-forex-technical-analysis-strong-economic-data-bullish-for-australian-dollar-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/01\/audusd-forex-technical-analysis-strong-economic-data-bullish-for-australian-dollar-2\/","title":{"rendered":"AUDUSD: Forex Technical Analysis – Strong economic data bullish for Australian dollar"},"content":{"rendered":"
January 12, 2018<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

Strong economic data bullish for Australian dollar<\/strong><\/p>\n

Retail sales and building permits in Australia were better than expected in November. Will the AUDUSD <\/a> climb continue?<\/p><\/blockquote>\n

The Reserve Bank of Australia held the interest rate at 1.5% for the fifteenth month at its December 5 policy meeting. Australian economic data have largely been positive recently: retail sales in November were stronger than expected at 1.2% growth after 0.5% gain in October, and building permits rose 11.7% when a decline was expected. Improving data pointing to continued strength of Australian economy are bullish for AUDUSD.<\/p>\n

\"AUDUSD\"<\/p>\n

On the daily timeframe AUDUSD: D1 <\/b> is retracing higher after decline following the seventeen-month high in the beginning of September. The price has risen above the 200-day moving average MA(200).<\/p>\n