14 Mar 2014
AUD/USD consolidating the downside
FXStreet (Guatemala) - AUD/USD is building up demand and walking towards the 0.9040 resistance level on the US and Asian session so far.
AUD/USD has been suffering on worse than expected Chinese Industrial production and Retail Sales, prompting fears on China growth. Meanwhile, the US dollar has come in again as a safe haven on heightened tensions over the Ukraine. The calendar doesn’t come with anything until the US session where we will see the US Producer Price Index and Reuters/Michigan Consumer Sentiment Index (Mar) for March.
AUD/USD Levels
The 20 DMA is 0.8999, the 50 DMA is 0.8926 and the 200 DMA is 0.9157. RSI (14) reads 53.78. Supports are 0.8873, 0.8891, 0.8923, 0.8980. Spot is 0.9035 while resistances are 0.9135, 0.9169, 0.9204 and 0.9260.
AUD/USD has been suffering on worse than expected Chinese Industrial production and Retail Sales, prompting fears on China growth. Meanwhile, the US dollar has come in again as a safe haven on heightened tensions over the Ukraine. The calendar doesn’t come with anything until the US session where we will see the US Producer Price Index and Reuters/Michigan Consumer Sentiment Index (Mar) for March.
AUD/USD Levels
The 20 DMA is 0.8999, the 50 DMA is 0.8926 and the 200 DMA is 0.9157. RSI (14) reads 53.78. Supports are 0.8873, 0.8891, 0.8923, 0.8980. Spot is 0.9035 while resistances are 0.9135, 0.9169, 0.9204 and 0.9260.