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14 Feb 2014
AUD/USD clings to 0.9000
FXStreet (Edinburgh) - The Aussie dollar continues to retrace the sharp sell-off post-employment figures, lifting the AUD/USD back to the area of 0.9000 the figure.
AUD/USD supported around 0.8920
The buying interest turned up near 0.8920 on Thursday, allowing a rebound back to the critical barrier at 0.9000. Data wise, Chinese consumer prices came in higher than expected during January, rising1.0% inter-month and 2.5% over the last twelve months, giving some extra support to the AUD. RBA’s Kent gave a speech this morning in Oz with the AUD in the centre of the debate, although it’s barely reacted. “Overall the impression remains that the RBA is a lot less concerned about AUD than it was throughout 2013”, commented Sean Callow, Strategist at Westpac.
AUD/USD key levels
The pair is now up 0.03% at 0.8992 with the next resistance at 0.9068 (high Feb.12) and then 0.9087 (high Jan.13). On the flip side, a breakdown of 0.8907 (low Feb.10) would aim for 0.8660 (low Jan.24).
AUD/USD supported around 0.8920
The buying interest turned up near 0.8920 on Thursday, allowing a rebound back to the critical barrier at 0.9000. Data wise, Chinese consumer prices came in higher than expected during January, rising1.0% inter-month and 2.5% over the last twelve months, giving some extra support to the AUD. RBA’s Kent gave a speech this morning in Oz with the AUD in the centre of the debate, although it’s barely reacted. “Overall the impression remains that the RBA is a lot less concerned about AUD than it was throughout 2013”, commented Sean Callow, Strategist at Westpac.
AUD/USD key levels
The pair is now up 0.03% at 0.8992 with the next resistance at 0.9068 (high Feb.12) and then 0.9087 (high Jan.13). On the flip side, a breakdown of 0.8907 (low Feb.10) would aim for 0.8660 (low Jan.24).