6 Mar 2014
AUD/USD has settled above the key level of 0.9000
FXStreet (Moscow) - AUD/USD is a star today as the pair broke above the key 0.9000 level and set the current Asian high at 0.9032 after better than expected retail sales report boosted investor optimism; though the upside momenttum is fading away as the pair returner to 0.9015 area.
AUD/USD bulls know how to do their stuff
AUD/USD had the third positive day in a row and nearly reversed all the losses of the previous week. Quite an interesting development, considering highly risk-aversive environment at the start of the week. Obviously, brave Aussie traders are more interested in fundamental factors than in geopolitics. Now that реу key Australian reports are published, the market focus will shift onto USA Unemployment claims and non-farm productivity. Weak numbers might further spoil the investor’s mood ahead of by far the most important report of the month - Non-Farm Payroll (Though its information value is doubtful, the market people got used to make a lot of fuss about it. It’s like a good old tradition). The key levels to watch: medium offers and stops at 0.9045/50 on the upside and intraday Asian low at 0.8973 on the downside.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8973, with support below at 0.8949, 0.8911 and 0.8887, with resistance above at 0.9011, 0.9035 and 0.9073. Hourly Moving Averages are bullish, with the 200SMA at 0.8969 and the daily 20EMA at 0.8960. Hourly RSI is neutral at 71.
AUD/USD bulls know how to do their stuff
AUD/USD had the third positive day in a row and nearly reversed all the losses of the previous week. Quite an interesting development, considering highly risk-aversive environment at the start of the week. Obviously, brave Aussie traders are more interested in fundamental factors than in geopolitics. Now that реу key Australian reports are published, the market focus will shift onto USA Unemployment claims and non-farm productivity. Weak numbers might further spoil the investor’s mood ahead of by far the most important report of the month - Non-Farm Payroll (Though its information value is doubtful, the market people got used to make a lot of fuss about it. It’s like a good old tradition). The key levels to watch: medium offers and stops at 0.9045/50 on the upside and intraday Asian low at 0.8973 on the downside.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8973, with support below at 0.8949, 0.8911 and 0.8887, with resistance above at 0.9011, 0.9035 and 0.9073. Hourly Moving Averages are bullish, with the 200SMA at 0.8969 and the daily 20EMA at 0.8960. Hourly RSI is neutral at 71.