20 Jan 2014
AUD/USD losing the 0.88 handle
FXstreet.com (Guatemala) - AUD/USD is losing the 0.88 handle, with a high scored on previous sessions in the 0.8820’s.
With there being very little from markets or the calendar for Monday’s session, we can look back on Australia’s weak employment print (-22.6k vs +7.5k consensus) that made for the worst annual jobs growth the nation has seen for 17 years underpinning the Australian dollar. Markets can note that there isn’t much that will be priced into the upcoming RBA meeting either but focus will be for CPI on Wednesday until Thursday that will home key data releases from the US.
AUD/USD Levels
The 20 DMA is 0.8916, the 50 DMA is 0.9046 and the 200 DMA is 0.9363. RSI (14) reads 45. Supports are 0.8668, 0.8724, 0.8737 and 0.8756. Spot is currently 0.8801 while resistances are 0.8843, 0.8864, 0.8888 and 0.8934.
With there being very little from markets or the calendar for Monday’s session, we can look back on Australia’s weak employment print (-22.6k vs +7.5k consensus) that made for the worst annual jobs growth the nation has seen for 17 years underpinning the Australian dollar. Markets can note that there isn’t much that will be priced into the upcoming RBA meeting either but focus will be for CPI on Wednesday until Thursday that will home key data releases from the US.
AUD/USD Levels
The 20 DMA is 0.8916, the 50 DMA is 0.9046 and the 200 DMA is 0.9363. RSI (14) reads 45. Supports are 0.8668, 0.8724, 0.8737 and 0.8756. Spot is currently 0.8801 while resistances are 0.8843, 0.8864, 0.8888 and 0.8934.