Australian Dollar Rise After China Industry Increase

Australian dollar exchange rate weakened since the beginning of the Asian trading session opened successfully reversed in the European session (14/12) and pressing return which seeks to cut the weakening dollar late last week. The positive sentiment after the market close watch on the data obtained industrial production in China increased significantly.

National Bureau of Statistics of China reported last weekend (12/12) that the Chinese industrial production rose 6.2% in November from a year earlier, accelerating from a 5.6% increase in October. This exceeds the average growth of 5.7% forecast by 14 economists surveyed by The Wall Street Journal.

Aussie exchange rate movements end of the European session (10:15:35 GMT) strong moves against the US dollar, after a strong opening at 0.7201 in early trading (0000 GMT), the pair AUDUSD rose 8 pips or 0.01% and the value of the rolling is at 0.7209.

But for the next trading, analyst Vibiz Research Center estimates that the AUDUSD will continue to rise to 0.7235 resistance in the middle bolinger 20 daily, but if there is a correction may be back down to the 0.7120 support positions at the bottom bolinger 20 daily.