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10 Mar 2014
AUD/USD stacking up on 0.9020/10
FXStreet (Guatemala) - AUD/USD has been a relatively quiet start to the week, post plenty of movement of last with a number of good data for the Australian economy only to be wiped partially of the board by the US’s own performance.
AUD/USD has been trading in a tight range post the follow through from Fridays drop from above 0.9120 with the release of strong US payroll numbers to 0.9060 territory and then continuing over night onto 0.9020. Into the week, we will remain with knowing that the Australian economy is performing well in terms of the high street and trade balance. 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 34.96. 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.
AUD/USD has been trading in a tight range post the follow through from Fridays drop from above 0.9120 with the release of strong US payroll numbers to 0.9060 territory and then continuing over night onto 0.9020. Into the week, we will remain with knowing that the Australian economy is performing well in terms of the high street and trade balance. 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 34.96. 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.