5 Dec 2013
AUD/USD extending lows on more poor data
FXstreet.com (London) - AUD/USD is down creating lows on the session with the Trade Balance data that disappointed from Australia, -529M vs expectations of -375M.
AUD is offered and this has done the pair no favours post the GDP report yesterday that was followed up with comments from Treasurer Joe Hockey, saying the country faces a ‘growth hole’ only adding to the pressure on the currency.
AUD/USD Levels
The 20 DMA is 0.9272, the 50 DMA is 0.9403 and the 200 DMA is 0.9599. RSI (14) reads 29.08. Supports are ascending from 0.8958, 0.8973, and 0.9000. Spot is currently 0.9017 while resistances are 0.9038, 0.9071, 0.9114, 0.9147, 0.9169 and 0.9204.
AUD is offered and this has done the pair no favours post the GDP report yesterday that was followed up with comments from Treasurer Joe Hockey, saying the country faces a ‘growth hole’ only adding to the pressure on the currency.
AUD/USD Levels
The 20 DMA is 0.9272, the 50 DMA is 0.9403 and the 200 DMA is 0.9599. RSI (14) reads 29.08. Supports are ascending from 0.8958, 0.8973, and 0.9000. Spot is currently 0.9017 while resistances are 0.9038, 0.9071, 0.9114, 0.9147, 0.9169 and 0.9204.