Investing.com - The Australian Dollar was lower against the U.S. Dollar on Friday after the release of Australian data on Trade Balance.
AUD/USD was trading at 1.0620, down 0.22% at time of writing.
The pair was likely to find support at 1.0510, Wednesday’s low, and resistance at 1.0740, Monday’s high.
Earlier in the day, official data showed that Australia’s trade balance fell unexpectedly to a seasonally adjusted -0.67B last month from 1.33B in the preceding month whose figure was revised down from 1.71B.
Analysts had expected Australia’s trade balance to rise 1.51B last month.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.12% to hit 1.2488 and AUD/JPY falling 0.17% to hit 86.66.
AUD/USD was trading at 1.0620, down 0.22% at time of writing.
The pair was likely to find support at 1.0510, Wednesday’s low, and resistance at 1.0740, Monday’s high.
Earlier in the day, official data showed that Australia’s trade balance fell unexpectedly to a seasonally adjusted -0.67B last month from 1.33B in the preceding month whose figure was revised down from 1.71B.
Analysts had expected Australia’s trade balance to rise 1.51B last month.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.12% to hit 1.2488 and AUD/JPY falling 0.17% to hit 86.66.