The Dollar fell across the board today after weaker than expected retail sales report. Revision were better though, but that's not what the market focused on.
Aussie has been bid since the beginning of the European session, continuing its broader uptrend. It broke above 0.8050 level and the April high at 0.0875 shortly after the release of the above-mentioned report.
A cluster of resistance from 0.8130 - 0.8160 (200 HMA, Monthly Resistance 1, Weekly Resistance 2) shall contain it for now, but the eyes are on the stronger one in 0.8250 - 0.8300 band. Any deeper pullback should now bounce from 0.7950 - 0.8000 zone, it this uptrend is to continue.
Aussie has been bid since the beginning of the European session, continuing its broader uptrend. It broke above 0.8050 level and the April high at 0.0875 shortly after the release of the above-mentioned report.
A cluster of resistance from 0.8130 - 0.8160 (200 HMA, Monthly Resistance 1, Weekly Resistance 2) shall contain it for now, but the eyes are on the stronger one in 0.8250 - 0.8300 band. Any deeper pullback should now bounce from 0.7950 - 0.8000 zone, it this uptrend is to continue.