refaey
02-08-2014, 19:28
AUD/USDis settling up for the middle of todays range post a volatile day that took the Aussie between 0.8930 and just a pip shy of the 0.90 handle.
AUD/USD’s main event on the day was the disappointment tin the Nonfarm Payrollsat 113k versus a consensus of 185k. Meanwhile, markets are also taking note of the recent RBA Statement on Monetary Policy. Strategists at TD Securities noted the GDP and CPI upgrades across the board by 0.25% out to 2016 and that trend growth will not be seen until mid-2015. “The RBA again noted that a lower exchange rate will assist in rebalancing the economy, but given it isn’t or won’t be in a position to do much about it, we expect the RBA will again wait for the U.S. Federal Reserve to continue to withdraw stimulus, boosting the USD and taking the heat out of the AUD. We target $US0.87 by year end”.
AUD/USD Levels
The 20 DMA is 0.8840, the 50 DMA is 0.8917 and the 200 DMA is 0.9258. RSI (14) reads 53.67. Supports are ascending from 0.8770, 0.8821, 0.8865, 0.8896. Spot is 0.8960 with resistances at 0.8981, 0.9009, 0.9045 and 0.9087.
AUD/USD
Feb 07 at 15:59 GMT
0.89 59/61 (0.00%)
H0.9001L0.8922
S3S2S1R1R2R3
0.88760.88980.89210.90000.90220.9044
Trend IndexOB/OS Index
Data updated on Feb 07 a 18:45 GMT (15-minute timeframe)
Strongly Bullish Neutral
1D
1M
3M
1Y
AUD/USD’s main event on the day was the disappointment tin the Nonfarm Payrollsat 113k versus a consensus of 185k. Meanwhile, markets are also taking note of the recent RBA Statement on Monetary Policy. Strategists at TD Securities noted the GDP and CPI upgrades across the board by 0.25% out to 2016 and that trend growth will not be seen until mid-2015. “The RBA again noted that a lower exchange rate will assist in rebalancing the economy, but given it isn’t or won’t be in a position to do much about it, we expect the RBA will again wait for the U.S. Federal Reserve to continue to withdraw stimulus, boosting the USD and taking the heat out of the AUD. We target $US0.87 by year end”.
AUD/USD Levels
The 20 DMA is 0.8840, the 50 DMA is 0.8917 and the 200 DMA is 0.9258. RSI (14) reads 53.67. Supports are ascending from 0.8770, 0.8821, 0.8865, 0.8896. Spot is 0.8960 with resistances at 0.8981, 0.9009, 0.9045 and 0.9087.
AUD/USD
Feb 07 at 15:59 GMT
0.89 59/61 (0.00%)
H0.9001L0.8922
S3S2S1R1R2R3
0.88760.88980.89210.90000.90220.9044
Trend IndexOB/OS Index
Data updated on Feb 07 a 18:45 GMT (15-minute timeframe)
Strongly Bullish Neutral
1D
1M
3M
1Y