John Starks Posted May 9, 2012 Report Posted May 9, 2012 FXstreet.com (Barcelona) - The aussie plunged against the greenback, printing a new 2012 low at 1.0033. The cross is trading 0.85% lower than the opening price. MBA mortgage applications in the US grew by 1.7% while wholesale inventories, which are due at 14:00 GMT, are expected to increase by 0.6% in March (from a previous 0.9% growth). The Minneapolis Federal Reserve President, Narayana Kocherlakota, is expected to give a speech today at 14:00 GMT as well. On the other hand, the EIA crude oil stocks change is forecasted to reach 2.00 million (previous was 2.84 million). The pair is currently trading at 1.0034, facing resistance at 1.0199, followed by 1.0277 and 1.0333, according to Fxstreet.com pivot points on technical tools. On the downside, there is support at 1.0009 and 0.9931. Precise Forex Signals Delivered Daily - Get 7 Winning Strategies FREE!!!
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