6 Mar 2015
AUD/USD toying with 0.7800
FXStreet (Edinburgh) - The Aussie dollar is trading on the right footing on Friday, taking AUD/USD to the vicinity of 0.7800 the figure.
AUD/USD eases from highs
The pair is now giving away part of the earlier up-move to session highs near 0.7815, although it manages to keep gains in a narrow intraday range. Nothing of relevance in the data space in Oz, with only the Performance of Construction gauged by the AiG index coming in at 43.9 in February vs. 45.4 previous.
In another direction, RBA Dep.Gov. P.Lowe argued that the Australian dollar traded closer to fair value during February, estimated around 0.7650.
AUD/USD levels to watch
As of writing the pair is up 0.33% at 0.7797 with the next hurdle at 0.7814 (10-d MA) ahead of 0.7860 (high Mar.4) and finally 0.7914 (high Feb.26). On the downside, a breach of 0.7751 (low Mar.3) would aim for 0.7740 (low Feb.24) and then 0.7721 (low Feb.13).
AUD/USD eases from highs
The pair is now giving away part of the earlier up-move to session highs near 0.7815, although it manages to keep gains in a narrow intraday range. Nothing of relevance in the data space in Oz, with only the Performance of Construction gauged by the AiG index coming in at 43.9 in February vs. 45.4 previous.
In another direction, RBA Dep.Gov. P.Lowe argued that the Australian dollar traded closer to fair value during February, estimated around 0.7650.
AUD/USD levels to watch
As of writing the pair is up 0.33% at 0.7797 with the next hurdle at 0.7814 (10-d MA) ahead of 0.7860 (high Mar.4) and finally 0.7914 (high Feb.26). On the downside, a breach of 0.7751 (low Mar.3) would aim for 0.7740 (low Feb.24) and then 0.7721 (low Feb.13).