6 Feb 2014
AUD/USD resuming the downside?
FXStreet (Guatemala) - The AUD has an advantage as a higher yielder and the RBA propelled the pair higher yesterday.
However, while markets await tomorrows out come from the famously anticipated Non Farm Payrolls, the pair has been offered towards the middle of the handle. Rabobank analysts explained, “Friday’s release of the US January labour market data is widely expected to indicate that the disappointingly weak December data was an anomaly. Nonfarm payrolls grew at just 74K in December, the market consensus for January stands at a healthier 180K”. Meanwhile strategists at RBS explained softening growth indicators should reinforce the Fed's commitment to providing lower for longer and enhance the credibility of its forward guidance.
AUD/USD Levels
The 20 DMA is 0.8837, the 50 DMA is 0.8919 and the 200 DMA is 0.9264. RSI (14) reads 59.34. Supports are ascending from 0.8770, 0.8821, 0.8873, 0.8896, 0.8963, 0.9009, 0.9045, 0.9087 and 0.9125.
However, while markets await tomorrows out come from the famously anticipated Non Farm Payrolls, the pair has been offered towards the middle of the handle. Rabobank analysts explained, “Friday’s release of the US January labour market data is widely expected to indicate that the disappointingly weak December data was an anomaly. Nonfarm payrolls grew at just 74K in December, the market consensus for January stands at a healthier 180K”. Meanwhile strategists at RBS explained softening growth indicators should reinforce the Fed's commitment to providing lower for longer and enhance the credibility of its forward guidance.
AUD/USD Levels
The 20 DMA is 0.8837, the 50 DMA is 0.8919 and the 200 DMA is 0.9264. RSI (14) reads 59.34. Supports are ascending from 0.8770, 0.8821, 0.8873, 0.8896, 0.8963, 0.9009, 0.9045, 0.9087 and 0.9125.