3 Feb 2014
AUD/USD jumps from 0.8797 to 0.8820 on ISM
FXStreet (Guatemala) - AUD/USD moves another leg higher on the US ISM
Manufacturing data.
We have seen US Markit PMI where markets were expecting 53.9. The figure came in at 53.7 in January from 55.0 in December with little market reaction there. The pair has been bid regardless throughout the European session and US, stalling only momentarily at 0.8760 and then again around the 0.88 handle. The pair moved a further 20 pips on the off from below the figure and now, although choppy, continues to attempt 0.8830 territory now on the bid, dipping back currently below 0.8820. US ISM Manufacturing PMI is down to 51.3 in January from 57 in December.
AUD/USD Levels
The 20 DMA is 0.8847, the 50 DMA is 0.8935 and the 200 DMA is 0.9287. RSI (14) reads 63.33. Supports are ascending from 0.8544, 0.8623, 0.8633, 0.8660, Spot is currently 0.8819 while resistances are 0.8830, 0.8858, 0.8889 and 0.8934.
Manufacturing data.
We have seen US Markit PMI where markets were expecting 53.9. The figure came in at 53.7 in January from 55.0 in December with little market reaction there. The pair has been bid regardless throughout the European session and US, stalling only momentarily at 0.8760 and then again around the 0.88 handle. The pair moved a further 20 pips on the off from below the figure and now, although choppy, continues to attempt 0.8830 territory now on the bid, dipping back currently below 0.8820. US ISM Manufacturing PMI is down to 51.3 in January from 57 in December.
AUD/USD Levels
The 20 DMA is 0.8847, the 50 DMA is 0.8935 and the 200 DMA is 0.9287. RSI (14) reads 63.33. Supports are ascending from 0.8544, 0.8623, 0.8633, 0.8660, Spot is currently 0.8819 while resistances are 0.8830, 0.8858, 0.8889 and 0.8934.