$AUDUSD Forex Signal: Pullback to 0.7150 Can’t Be Ruled Out
Trade AUD/USD NowThe AUD/USD bounced back even after the relatively strong American housing data. According to the statistics office, building starts rose to a 9-month high of 1.7 million in November. The 1.6% increase was attributed to the rising demand for apartments rose. The commerce department noted that the numbers were pushed higher by the multifamily sector.
These numbers send a picture that the American housing market is strong. Later today, the country will publish the latest existing home sales data. Analysts expect these numbers to show that existing home sales rose to an annualized pace of 6.44 million in November.
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