29 Jan 2014
AUD/USD around 0.8750 on FOMC
FXstreet.com (Edinburgh) - The Aussie dollar keeps the 0.8750 region after the FOMC acted in line with market consensus, with the AUD/USD hovering over the mid 0.87s.
AUD/USD apathetic, focus on Oz, China data
There was no surprise in today’s FOMC statement, tapering its asset purchases by $10 billion as widely expected. The pair followed the decision with a knee-jerk from the area of 0.8780 to sub 0.8740 levels, and now is looking to stabilize around 0.8750. Domestic data in Australia will see New Home Sales tracked by HIA and Import/Export Prices ahead of the Chinese manufacturing PMI sponsored by HSBC (49.6 exp.). Of note in the region is the RBNZ monetary policy meeting due at 2000 GMT, with consensus expecting the central bank to leave the repo rate unchanged at 2.5%.
AUD/USD key levels
At the moment the pair is losing 0.13% at 0.8762 and a breakdown of 0.8678 (low Jan.27) would target 0.8600 (low Jan.24). On the upside, the next resistance lines up at 0.8821 (high Jan.28) ahead of 0.8853 (high Jan.23) and finally 0.8889 (high Jan.22).
AUD/USD apathetic, focus on Oz, China data
There was no surprise in today’s FOMC statement, tapering its asset purchases by $10 billion as widely expected. The pair followed the decision with a knee-jerk from the area of 0.8780 to sub 0.8740 levels, and now is looking to stabilize around 0.8750. Domestic data in Australia will see New Home Sales tracked by HIA and Import/Export Prices ahead of the Chinese manufacturing PMI sponsored by HSBC (49.6 exp.). Of note in the region is the RBNZ monetary policy meeting due at 2000 GMT, with consensus expecting the central bank to leave the repo rate unchanged at 2.5%.
AUD/USD key levels
At the moment the pair is losing 0.13% at 0.8762 and a breakdown of 0.8678 (low Jan.27) would target 0.8600 (low Jan.24). On the upside, the next resistance lines up at 0.8821 (high Jan.28) ahead of 0.8853 (high Jan.23) and finally 0.8889 (high Jan.22).