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 Aussie-Dollar are out as following a previous reading of 0.3%, Core Durable Goods Orders in United States released today at 12:30 UTC fell short of the 0% figure expected by analysts with an actual reading of -0.2%.

On the flip side, 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.

Meanwhile, 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.

A look at other currencies also shows bullish price action 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%. USD/JPY climbs 0.41% to trade around 140.62.

Having set a peak of 0.7356 around 7 months ago, the Australian dollar is now trading 11.49% below this level.