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11 Mar 2014
AUD/USD pressure building on the 0.90 handle
FXStreet (Guatemala) - AUD/USD is testing the grit of the bulls by pressing down on the 0.9020 support.
Karen Jones at Commerzbank suggest that the area around the 0.9004 3rd of January high should be revisited. “Minor support below it comes in around the mid-December peak at 0.8991”. AUD/USD will be tested 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 43.46. 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.
Karen Jones at Commerzbank suggest that the area around the 0.9004 3rd of January high should be revisited. “Minor support below it comes in around the mid-December peak at 0.8991”. AUD/USD will be tested 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 43.46. 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.