3 Dec 2013
AUD/USD data gives the pair a lift
FXstreet.com (London) - AUD/USD heads for higher grounds and threatens the resistances to the upside targeting 0.9150/60.
After a sustained period of weakness, Australian retail sales bounced 0.8% back in Sep and were expected to hold up fairly well in Oct. The data came out +0.5% vs expectations of only +0.4%. Westpac Banking Corporation said the overall consumption picture remains one of caution, with household savings remaining historically high, above 10%.
AUD/USD Levels
The 20 DMA is 0.9311, the 50 DAM is 0.9414 and the 200 DMA is 0.9616. RSI (14) reads41.89 while supports are ascending from 0.8973, 0.9038, 0.9055, 0.9088 and 0.9159. Spot is currently 0.9123 with resistances at 0.92/5060, 0.9278 and 0.9316.
After a sustained period of weakness, Australian retail sales bounced 0.8% back in Sep and were expected to hold up fairly well in Oct. The data came out +0.5% vs expectations of only +0.4%. Westpac Banking Corporation said the overall consumption picture remains one of caution, with household savings remaining historically high, above 10%.
AUD/USD Levels
The 20 DMA is 0.9311, the 50 DAM is 0.9414 and the 200 DMA is 0.9616. RSI (14) reads41.89 while supports are ascending from 0.8973, 0.9038, 0.9055, 0.9088 and 0.9159. Spot is currently 0.9123 with resistances at 0.92/5060, 0.9278 and 0.9316.