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17 Mar 2014
AUD/USD is poking at the resistance of 0.9050
FXStreet (Moscow) - AUD/USD is moving higher in Asia after opening at 0.9020
AUD/USD bulls want a revenge
On the longer-term basis, AUD/USD is still consolidating close to the neckline of the reverse Head and Shoulders pattern, But the chances to break above this threshold is getting thinner and thinner with each failed attempt. Australia has published the Motor Vehicle Sales in February, that showed that the sales volume fell -3.0% against -3.5% m|m, -3.0% y/y in January, but the market ignored the news. During the US session, TIC long term purchases and the US industrial production may be of interest, as positive data will support the dollar across the board. The Aussie will be sensitive to geopolitical news. Investors may be inclined to sell the currency in case of Russian/Ukraine crisis escalation. From the technical point of view today the key levels are: 0.9050 followed but medium offers at 0.9080 on the upside and 0.9000 followed by 0.8950 with demand on approach on the downside.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9025, with support below at 0.8997, 0.8968 and 0.8940, with resistance above at 0.9054, 0.9082 and 0.9111. Hourly Moving Averages are mostly neutral, with the 200SMA at 0.9021 and the daily 20EMA at 0.8993. Hourly RSI is neutral at 49.
AUD/USD bulls want a revenge
On the longer-term basis, AUD/USD is still consolidating close to the neckline of the reverse Head and Shoulders pattern, But the chances to break above this threshold is getting thinner and thinner with each failed attempt. Australia has published the Motor Vehicle Sales in February, that showed that the sales volume fell -3.0% against -3.5% m|m, -3.0% y/y in January, but the market ignored the news. During the US session, TIC long term purchases and the US industrial production may be of interest, as positive data will support the dollar across the board. The Aussie will be sensitive to geopolitical news. Investors may be inclined to sell the currency in case of Russian/Ukraine crisis escalation. From the technical point of view today the key levels are: 0.9050 followed but medium offers at 0.9080 on the upside and 0.9000 followed by 0.8950 with demand on approach on the downside.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9025, with support below at 0.8997, 0.8968 and 0.8940, with resistance above at 0.9054, 0.9082 and 0.9111. Hourly Moving Averages are mostly neutral, with the 200SMA at 0.9021 and the daily 20EMA at 0.8993. Hourly RSI is neutral at 49.