Australia Westpac consumer sentiment for August -0.4% versus 2.7% last month

<ul><li>Prior month +2.7%</li><li>Australian Westpac consumer sentiment for August -0.4%</li><li>Index moves down to 81.0</li><li>The decline is the first since May</li></ul><p>The AUDUSD is dipping to new session lows and in the process is looking to test its 100 hour moving average of 0.65645. The current price is trading at 0.6566. A break below the 100-hour moving average would have traders targeting 0.6555 (low of a recent swing area). Moving below that level, and traders will start to look toward the low price from last week and the lowest level since June 1 at 0.65135.</p>

This article was written by Greg Michalowski at www.forexlive.com.