After six days of declines, the Australian dollar is up 8 pips today

After closing at 0.6511 yesterday, AUD/USD began today at 0.6511 with significant bullish sentiment driving AUD/USD's price action higher. So far today, price action has drawn out a distinct 0.6493 to 0.6545 range.

This move comes while some more positive signs for the Australian dollar are out as highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%.

Nevertheless, Australia Retail Sales published today at 01:30 UTC came out at 0%, falling short of the 0.3% projections and continuing its decline from the previous 0.4% figure.

At the same time, Australia CFTC AUD speculative net positions released today at 20:30 UTC with a figure of -49,100, while the previous figure was -53,600.

Other currencies are also rising as having closed the previous session at 2.0311, GBP/NZD is up 0.52% today to currently trade at around 2.0417. GBP/JPY is up 0.66%. Having closed the previous session at 140.05, USD/JPY is up 0.41% today to currently trade at around 140.62.

The Australian dollar is now trading 11.49% away from its significant high of 0.7356 first tested 7 months ago.