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11 Mar 2014
AUD/USD dumping 25 pips on poor data
FXStreet (Guatemala) - AUD dropped from the high 0.9030’s down to test 0.9020 and .9010 support marking a low of so far of 0.9014 when the National Australia Bank's Business Conditions (Feb) and National Australia Bank's Business Confidence (Feb) was released.
National Australia Bank's Business Conditions (Feb) and National Australia Bank's Business Confidence (Feb) disappointed at 0 and 7 respectively vs previous 4 and 8 respectively.
AUD/USD will be tested next later this week, The US’s retail sales 0.2% expected MoM and before, we will see the Australian Employment change and Unemployment rates for Feb.
AUD/USD Levels
The 20 DMA is 0.9001, the 50 DMA is 0.8920 and the 200 DMA is 0.9167. RSI (14) reads 44.15. Supports are ascending from 0.8909, 0.8933, 0.8973 and 0.8980. Spot is 0.9016 while resistances are 0.9107, 0.9135, 0.9169 and 0.9182.
National Australia Bank's Business Conditions (Feb) and National Australia Bank's Business Confidence (Feb) disappointed at 0 and 7 respectively vs previous 4 and 8 respectively.
AUD/USD will be tested next later this week, The US’s retail sales 0.2% expected MoM and before, we will see the Australian Employment change and Unemployment rates for Feb.
AUD/USD Levels
The 20 DMA is 0.9001, the 50 DMA is 0.8920 and the 200 DMA is 0.9167. RSI (14) reads 44.15. Supports are ascending from 0.8909, 0.8933, 0.8973 and 0.8980. Spot is 0.9016 while resistances are 0.9107, 0.9135, 0.9169 and 0.9182.