6 Feb 2014
AUD/USD retraced to 0.8955 after a spectacular growth
FXStreet (Moscow) - AUD/USD was very popular among the buyers this morning as the currency pair rushed to the resistance of 0.9000 after opening at 0.8909.
Aussie is a star
AUD/USD is rather aggressive nowadays. After a shallow downside correction failed attempt to close below 0.8900, the pair is on the upside quest again. Australia published trade balance and retail sales data today, that showed that both domestic and external demand is growing. This spurred the investor optimism. They seem to be friendly towards the Aussie after the RBA upgraded its economic views. Later today we have a number of important macro reports from the USA. The jobless claims are of particular interest before Friday’s non-farm payrolls. If the report confirms the strong forecast to the above said NFP report, US Dollar will gain ground across the board, which may put some pressure on AUD/USD. The key support comes at 0.8900, followed by 0.8840. The upside is likely to be limited by 0.9000.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8908, with support below at 0.8876, 0.8838 and 0.8806, with resistance above at 0.8946, 0.8978 and 0.9016. Hourly Moving Averages are mixed, with the 200SMA at 0.8794 and the daily 20EMA at 0.8838. Hourly RSI is neutral at 66.
Aussie is a star
AUD/USD is rather aggressive nowadays. After a shallow downside correction failed attempt to close below 0.8900, the pair is on the upside quest again. Australia published trade balance and retail sales data today, that showed that both domestic and external demand is growing. This spurred the investor optimism. They seem to be friendly towards the Aussie after the RBA upgraded its economic views. Later today we have a number of important macro reports from the USA. The jobless claims are of particular interest before Friday’s non-farm payrolls. If the report confirms the strong forecast to the above said NFP report, US Dollar will gain ground across the board, which may put some pressure on AUD/USD. The key support comes at 0.8900, followed by 0.8840. The upside is likely to be limited by 0.9000.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8908, with support below at 0.8876, 0.8838 and 0.8806, with resistance above at 0.8946, 0.8978 and 0.9016. Hourly Moving Averages are mixed, with the 200SMA at 0.8794 and the daily 20EMA at 0.8838. Hourly RSI is neutral at 66.