Forex - AUD/USD falls 0.47%, trades at 1.0033

The aussie plunged 0.47% vs. the greenback, despite a series of announcements about the state of the US economy. The American producer price index did worse than expected, registering YoY and MoM growth rates at 1.9% and -0.2%, respectively. The consumer sentiment index from Reuters/University of Michigan will be released later on and it should rise to 76.5 from 76.4. China's retail sales, industrial production and M2 money supply all came short of expectations which could also be affecting the strength of commodity currencies such as the Australian dollar.



The pair is currently trading at 1.0033, facing resistance at 1.0141, ahead of 1.0199 and 1.0253, according to Fxstreet.com pivot points on technical tools. On the downside, there is support at 1.0029, before 0.9975 and 0.9917.