5 Feb 2014
Aussie is below 0.8900, but bulls do not want to give up
FXStreet (Moscow) - AUD/USD is under selling pressure in Asia today as the currency pair moved below 0.8900 to current lows at 0.8872 after opening the day at 0.8932.
Aussie’s fate will be shaped by US data
The Aussie was the big winner yesterday, as the RBA surprised the markets with unexpected change in monetary policy stance. The pair is correcting lower as the risky assets are pressured down during Asian hours. The longer-term trend is still bearish though the short-term dynamic is muted as the traders are hesitant to sell the Aussie yet. Australia published better than expected AiG Performance service sector index, which supported the Australian currency. Also the big risk event today is the US Non-manufacturing ISM data and ADP report. Markets will scrutinize these numbers in search for the hints ahead of Friday’s NFP. The nearest resistance level comes at 0.8900, while the support is seen at 0.8876.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8869, with support below at 0.8794, 0.8654 and 0.8579, with resistance above at 0.9009, 0.9084 and 0.9224. Hourly Moving Averages are mixed, with the 200SMA at 0.8773 and the daily 20EMA at 0.8830. Hourly RSI is neutral at 53.
Aussie’s fate will be shaped by US data
The Aussie was the big winner yesterday, as the RBA surprised the markets with unexpected change in monetary policy stance. The pair is correcting lower as the risky assets are pressured down during Asian hours. The longer-term trend is still bearish though the short-term dynamic is muted as the traders are hesitant to sell the Aussie yet. Australia published better than expected AiG Performance service sector index, which supported the Australian currency. Also the big risk event today is the US Non-manufacturing ISM data and ADP report. Markets will scrutinize these numbers in search for the hints ahead of Friday’s NFP. The nearest resistance level comes at 0.8900, while the support is seen at 0.8876.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8869, with support below at 0.8794, 0.8654 and 0.8579, with resistance above at 0.9009, 0.9084 and 0.9224. Hourly Moving Averages are mixed, with the 200SMA at 0.8773 and the daily 20EMA at 0.8830. Hourly RSI is neutral at 53.