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21 Feb 2014
AUD/USD, 0.9006 and back in positive territory
FXStreet (Guatemala) - AUD/USD has continued on the bid and has breached the 0.9000 landmark.
The calendar is again light for the pair and this time comes without anything from China. AUD/USD’s fall out on the Chinese PMI disappointment yesterday was short lived. The pair had managed a pull back towards the 0.9000 post the weekly low through 0.8940. A series of US data had taken the attention of traders, which came mostly in line except for the up side surprise in the Markit Manufacturing PMI and the dismal Philly Fed. Phily Fed manufacturing survey for January -6.3, demonstrably weaker than 8.0 median forecast (weather), US manufacturing PMI for February 56.7, demonstrably better than 53.0 median forecast.
AUD/USD Levels
The 20 DMA is 0.8892, the 50 DMA is 0.8901 and the 200 DMA is 0.9209. RSI (14) reads 59.75. Supports are ascending from 0.8821, 0.8873, 0.8907, 0.8920, .8960 and 0.8990. Spot is 0.9005 while resistances are 0.9012, 0.9044, 0.9087 and 0.9125.
The calendar is again light for the pair and this time comes without anything from China. AUD/USD’s fall out on the Chinese PMI disappointment yesterday was short lived. The pair had managed a pull back towards the 0.9000 post the weekly low through 0.8940. A series of US data had taken the attention of traders, which came mostly in line except for the up side surprise in the Markit Manufacturing PMI and the dismal Philly Fed. Phily Fed manufacturing survey for January -6.3, demonstrably weaker than 8.0 median forecast (weather), US manufacturing PMI for February 56.7, demonstrably better than 53.0 median forecast.
AUD/USD Levels
The 20 DMA is 0.8892, the 50 DMA is 0.8901 and the 200 DMA is 0.9209. RSI (14) reads 59.75. Supports are ascending from 0.8821, 0.8873, 0.8907, 0.8920, .8960 and 0.8990. Spot is 0.9005 while resistances are 0.9012, 0.9044, 0.9087 and 0.9125.