16 Jan 2014
AUD/USD back off from the lows
FXstreet.com (Guatemala) - AUD/USD has pulled back some losses from overnight when the pair dropped post a disappointing jobs report in Australia.
AUD/USD’s move from 0.8900 and carry through from 0.8815 has been partially recovered back to 0.8815 from the lows of 0.8776 following a broad based dollar sell off. Strategists at Brown Brothers Harriman explained the hugely disappointing Australian jobs report overnight resurrected talk of an RBA rate cut and took the Aussie down to fresh multi-year lows. The Australian economy lost a net 22.6k jobs. Meanwhile, the US data today came in the form of Jobless Claims which disappointed, Consumer Prices rising 1.5% and in line year on year and Tic flows $-29.3B.
AUD/USD Levels
The 20 DMA is 0.8925, the 50 DMA is 0.9070 and the 200 DMA is 0.9380. RSI (14) reads 44.98. Supports are ascending from 0.8633, 0.8668, 0.8737, 0.8770. Spot is 0.8810 while resistances are 0.8888, 0.8934, 0.8956 and 0.8971.
AUD/USD’s move from 0.8900 and carry through from 0.8815 has been partially recovered back to 0.8815 from the lows of 0.8776 following a broad based dollar sell off. Strategists at Brown Brothers Harriman explained the hugely disappointing Australian jobs report overnight resurrected talk of an RBA rate cut and took the Aussie down to fresh multi-year lows. The Australian economy lost a net 22.6k jobs. Meanwhile, the US data today came in the form of Jobless Claims which disappointed, Consumer Prices rising 1.5% and in line year on year and Tic flows $-29.3B.
AUD/USD Levels
The 20 DMA is 0.8925, the 50 DMA is 0.9070 and the 200 DMA is 0.9380. RSI (14) reads 44.98. Supports are ascending from 0.8633, 0.8668, 0.8737, 0.8770. Spot is 0.8810 while resistances are 0.8888, 0.8934, 0.8956 and 0.8971.