17 Dec 2014
AUD/USD faces resistance at 0.8200
FXStreet (Córdoba) - AUD/USD rose to 0.8200 after the release of US CPI data but failed to break the barrier and pulled back. Currently trades at 0.8180, down 40 pips from the opening price.
The US Consumer Price Index fell 0.3% in November, the largest decline in six years; while the annual rate dropped from 1.7% to 1.3%. The larger-than-expected decline weakened the US dollar across the board but after Wall Street opening bell recovered and climbed back to the levels it had before the report.
Earlier AUD/USD bottomed at 0.8131, the lowest price in four years and then bounced to the upside but the recovery was capped by 0.8200. The aussie remains in negative territory against the US dollar, headed toward the fourth daily decline out of the last five trading days.
The US Consumer Price Index fell 0.3% in November, the largest decline in six years; while the annual rate dropped from 1.7% to 1.3%. The larger-than-expected decline weakened the US dollar across the board but after Wall Street opening bell recovered and climbed back to the levels it had before the report.
Earlier AUD/USD bottomed at 0.8131, the lowest price in four years and then bounced to the upside but the recovery was capped by 0.8200. The aussie remains in negative territory against the US dollar, headed toward the fourth daily decline out of the last five trading days.