13 Mar 2014
AUD/USD held up ahead of 0.90 handle
FXStreet (Guatemala) - FXStreet (Guatemala) - AUD/USD is finding support on 0.9020 after a strong slide when the pair lost the 0.91 handle.
AUD/USD has been offered on a broad based stronger dollar in a risk-off environment while there are tensions building upon the Ukrainian situation with reports of Russian troop build-ups along the Ukrainian border. Meanwhile, stratagists at Westpac Banking Corporation ABN explained that Australia’s domestic data remains a clear positive after the strong Feb jobs report yet a quiet calendar in the week ahead leaves AUD at risk of renewed decline, given the gloomy mood over China and the attendant impact on iron ore, copper and coal prices.
AUD/USD Levels
The 20 DMA is 0.8999, the 50 DMA is 0.8926 and the 200 DMA is 0.9157. RSI (14) reads 49.53. Supports are ascending from 0.8873, 0.8891, 0.8923 and 0.8980. Spot is 0.9025 while resistances are 0.9135, 0.9169, 0.9204 and 0.9260.
AUD/USD has been offered on a broad based stronger dollar in a risk-off environment while there are tensions building upon the Ukrainian situation with reports of Russian troop build-ups along the Ukrainian border. Meanwhile, stratagists at Westpac Banking Corporation ABN explained that Australia’s domestic data remains a clear positive after the strong Feb jobs report yet a quiet calendar in the week ahead leaves AUD at risk of renewed decline, given the gloomy mood over China and the attendant impact on iron ore, copper and coal prices.
AUD/USD Levels
The 20 DMA is 0.8999, the 50 DMA is 0.8926 and the 200 DMA is 0.9157. RSI (14) reads 49.53. Supports are ascending from 0.8873, 0.8891, 0.8923 and 0.8980. Spot is 0.9025 while resistances are 0.9135, 0.9169, 0.9204 and 0.9260.