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AUD/USD Daily Forecast – 26 June

Saturday, Jun 24 2017
AUD/USD Daily Forecast – 26 June

There were no data releases from Australia on Friday. Following the Reserve Bank of Australia’s (RBA) policy meeting and the drop in the U.S oil prices, the pair dropped down and the market has become difficult to trade on in the short term. In the long term, the pair might go higher and indicate areas of resistance. Traders should pay attention to the future course of direction for the other commodities as well.

In the US session New Home Sales figures were released. Sales of new single-family houses in May 2017 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.9 percent above the revised April rate of 593,000 and is 8.9 percent above the May 2016 estimate of 560,000. The median sales price of new houses sold in May 2017 was $345,800.

 

There will be no data releases from Australia on Monday. In the US session Durable Goods Orders figures will be published. Decline by 0.5% is anticipated.

 

Figures to watch:

 

Durable Goods Orders (Monday 14:30)

More in this category: « EUR/USD Daily Forecast – 21 June GBP/USD Daily Forecast – 26 June »

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