14:03 AUD/USD 4h time frame chart
As we can see on 4 hours time frame chart, the price has broken the support level, however, in this moment the price is testing below the support area.
If the price shows clear signs of rejection of this support then we can expect a depreciation of the Australian dollar (AUD) against U.S dollar (USD)
- U.S building permits and housing starts rose more than expected in January
- Chicago Business Barometer rose to 67.6 in December, up from 63.9
- U.S import and export prices rose more than expected in January
- Canadian manufacturing sales declined 0.3% to $55.5 billion in December