Forex - AUD/USD up during the U.S. session

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Forex Pros - The Australian Dollar was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index.


AUD/USD was trading at 1.0119, up 1.11% at time of writing.


The pair was likely to find support at 0.9970, today's low, and resistance at 1.0186, Monday's high.


Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell more-than-expected to a seasonally adjusted 68.20 last month from 77.50 in the preceding month.


Analysts had expected UoM consumer sentiment to fall to 76.50 last month.


Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.53% to hit 1.3715 and AUD/JPY falling 0.21% to hit 82.86.





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