In currency trading the Asian session today (30-04), seen the AUD currency has strengthened against the U.S. Dollar. Pair AUD / USD is currently engaged in the range of 0.9300.

This morning has already released some data for the month of March 2010, HIA New Home Sales increased by 0.9% compared to the previous period fell 5.2%. Private Sector Credit was also noted to increase 0.5% compared to 0.4% in the previous period.

After the data showed that inflation is still in the rising trend, although still slightly below the target of the RBA, it seems that optimism on the RBA rate hike may later increase. Prior estimated that the odds increase only 28%, has now increased to 50%. The technical, the AUD was still in a bullish path but still looked vulnerable to reversal.

AUD / USD is likely to strengthen past the resistance level at 0.9400 if 0.9360 level. AUD weakening can occur if the past level of support at 0.9255 to the 0.9210 level.

In the pair trading the EUR / USD during the European session today (29-04) was observed to move the Euro strengthened against the U.S. Dollar and in the range of 1.3240. Euro forex investors increasingly interested in line with the indication that shows improvement of economic performance in Germany.

The latest information about Germany unemployment indicators Change has just been released by Destatis showed an increase in performance on the employment sector of the country.

Change Indicator Germany reported unemployment has increased performance by decreasing the value of a previously-68k which is estimated to rise to-11K from the previous value of-31K. It was responded positively by investors in forex trading.

Euro on the currency pair EUR / USD is expected to strengthen and is expected to face resistance at around 1.3267.