AUD/USD jumps hard on strong US retail performance

27/11/2011 | 21:01 GMT

The lack of bad news out of Europe and the strong retail sales activity in the US on Friday has led to some heavy short-covering in the AUD/USD. The pair closed in NY on Friday near .9700 but is now trading at .9820. Anything that falls sharply is likely to rebound sharply as well. Not much in the way of resistance levels on the daily chart so we can expect continued volatility.

ADVERTISEMENT - CONTINUE READING BELOW

Best in 2026

Sponsored

General Risk Warning

Best Prop Firm in 2026: Detailed Comparison

Best Futures Brokers in USA for 2026: Detailed Comparison

Best Prediction Market Platforms in 2026: Detailed Comparison

Best Forex Brokers in 2026: Detailed Comparison

Best Online Brokers in 2026: Detailed Comparison

ADVERTISEMENT - CONTINUE READING BELOW

Telegram Community

Gain Access

SLB's 53% rally to $55.78 is tempered by weak margins & 19.8x P/E. Analysts prefer other plays.

StockStory

13m ago

Industrial REITs beat S&P 500 since '94 (13.5% vs 12.3%), offering dividends & lower volatility.

Motley Fool

21m ago

Ford's Bronco sales surge 33.7%, topping Wrangler. High-margin lifestyle vehicle, but affordability concerns loom.

YahooFinance

24m ago

FFIN lags S&P 500 with 2.4% return, 4.7% EPS growth, and 2.1x forward P/B valuation.

StockStory

28m ago

OXY & ASC surge on earnings, but risks remain. ASC's P/E < 5, OXY's < 11. Dividends boost returns.

Motley Fool

35m ago

RDDT's 19.6% drop vs S&P's 10% gain. Trades at 19.4x EV/EBITDA. Is it a buy?

StockStory

39m ago

BofA settles $2.25M ATM fee suit. Customers may see payouts in 2026. Watch for claims!

Class Action Lawsuits

43m ago

Telegram Community

Gain Access

Must Read

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}