23 Jan 2014
AUD/USD fell to a four year low
FXstreet.com (Guatemala) - The Australian dollar fell to a low of 0.8730 and the CPI figures that gave flight to the pair seems quite distant currently.
Price action became heavy post a soft China PMI reading yesterday and is grouping on the offer into the Asian session. Rallies are a fade, despite the weaker set of recent US data today. Data wise, US weekly jobless claims rose 1k to 326,000 which came in slightly better than forecast . Markit US PMI 53.7 preliminary in January was weak. Economists had forecast a rise to 55.0 from 54.4. Existing homes sales printed 1.0% beating expectations of 0.4%.
AUD/USD Levels
The 20 DMA is 0.8901, the 50 DMA is 0.9015 and the 200 DMA is 0.9340. RSI (14) reads 50.77. Supports are ascending from 0.8720, 0.8737, 0.8756. Spot is 0.8768 while resistances are 0.8815, 0.8858, 0.8889, 0.8940 and 0.8956.
Price action became heavy post a soft China PMI reading yesterday and is grouping on the offer into the Asian session. Rallies are a fade, despite the weaker set of recent US data today. Data wise, US weekly jobless claims rose 1k to 326,000 which came in slightly better than forecast . Markit US PMI 53.7 preliminary in January was weak. Economists had forecast a rise to 55.0 from 54.4. Existing homes sales printed 1.0% beating expectations of 0.4%.
AUD/USD Levels
The 20 DMA is 0.8901, the 50 DMA is 0.9015 and the 200 DMA is 0.9340. RSI (14) reads 50.77. Supports are ascending from 0.8720, 0.8737, 0.8756. Spot is 0.8768 while resistances are 0.8815, 0.8858, 0.8889, 0.8940 and 0.8956.