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2 Jan 2014
AUD/USD supported after decline
FXstreet.com (Barcelona) - Having made an overnight high at 0.8926 following a climb from an opening low at 0.8886, AUD/USD has pushed back below the 0.8900 level to print a fresh low at 0.8881.
AUD/USD down on soft Commodity data
Overnight saw a decline in both official and HSBC Chinese Manufacturing PMI data, alongside misses in both the AUS AiG Performance of Mfg Index and RBA Commodity Index SDR data. The pair climbed off opening lows, led higher by a squeeze in Gold to post a high at 0.8926. Peter Fell of FXBeat notes that there are offers in the line above 0.8950. The European docket is low on significance, and US Initial and Continuous Jobless Claims and Manufacturing PMIs. Spot has presently found support and is trading at 0.8896.
What are today’s key AUD/USD levels?
Hourly RSI sits at 42, with ADX at 20 and neutral. The hourly 200 SMA sits at 0.8910 and declining, with the 20D EMA at 0.8967. The daily pivot point sits at 0.8902, and represents next resistance ahead of 0.8921 (R1). Support below can be seen at 0.8869. A Dark Cloud Cover Candlestick pattern can also be seen on the daily chart.
AUD/USD down on soft Commodity data
Overnight saw a decline in both official and HSBC Chinese Manufacturing PMI data, alongside misses in both the AUS AiG Performance of Mfg Index and RBA Commodity Index SDR data. The pair climbed off opening lows, led higher by a squeeze in Gold to post a high at 0.8926. Peter Fell of FXBeat notes that there are offers in the line above 0.8950. The European docket is low on significance, and US Initial and Continuous Jobless Claims and Manufacturing PMIs. Spot has presently found support and is trading at 0.8896.
What are today’s key AUD/USD levels?
Hourly RSI sits at 42, with ADX at 20 and neutral. The hourly 200 SMA sits at 0.8910 and declining, with the 20D EMA at 0.8967. The daily pivot point sits at 0.8902, and represents next resistance ahead of 0.8921 (R1). Support below can be seen at 0.8869. A Dark Cloud Cover Candlestick pattern can also be seen on the daily chart.