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13 Feb 2014
AUD/USD resilient on the 0.89 handle
FXStreet (Guatemala) - AUD/USD is taking a breather sub the 0.90 handle after climbing back ground from the lows of with a drift high throughout Europe and NY.
Overnight, the Australian employment fell 3.7k in January, which was well below expectations and the worst print in a decade that took the pair as low as 0.8227. Today, AUD/USD benefitted from a bout of poorer data that came today in the form of US retail sales contracted 0.4% inter-month during January, while excluding the Auto sector sales came in flat.
AUD/USD Levels
The 20 DMA is 0.8842, the 50 DMA is 0.8908 and the 200 DMA is 0.9233. RSI (14) reads 52.23. Supports are ascending from 0.8770, 0.8821, 0.8873, 0.8907. Spot is currently 0.8984 while resistances are 0.9007, 0.9031, 0.9068 and 0.9087.
Overnight, the Australian employment fell 3.7k in January, which was well below expectations and the worst print in a decade that took the pair as low as 0.8227. Today, AUD/USD benefitted from a bout of poorer data that came today in the form of US retail sales contracted 0.4% inter-month during January, while excluding the Auto sector sales came in flat.
AUD/USD Levels
The 20 DMA is 0.8842, the 50 DMA is 0.8908 and the 200 DMA is 0.9233. RSI (14) reads 52.23. Supports are ascending from 0.8770, 0.8821, 0.8873, 0.8907. Spot is currently 0.8984 while resistances are 0.9007, 0.9031, 0.9068 and 0.9087.