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3 Apr 2014
AUD/USD drifting back after poor performances
FXStreet (Guatemala) - Currently, AUD/USD is trading at 0.9232, down -0.17% on the day, having posted a daily high at 0.9256 and low at 0.9206.
AUD/USD overnight action
AUD/USD had taken a dive from 0.9250 and putting pressure on 0.9210 when Retail Sales from Australia read lower than consensus today at 0.2% vs 0.3% and 1.2% previous. However, there was a turnaround now when the pair spiked to 0.9240 on Chinese data. China services activity growth strengthened to a four-month high, after the HSBC China Services Business Activity Index recorded a rise of 51.9 in March, up from 51.0 in February.
BNZ research team said they had been seeing other Australian data print strongly. “The AUD was supported by stellar retail sales, employment, and export data outturns over the month of March, and the RBA’s apparent unwillingness to stand in its way has emboldened its buyers. Also, the RBA declined to talk the AUD lower, leaving the currency atop the league table.
US data wrap effecting AUD/USD
Initial Jobless Claims (Mar 28) arrived disappointingly at 326k vs 317k expected.
Continuing Jobless Claims (Mar 21) came in better than expected at 2.836M vs 2.840M consensus.
Trade Balance (Feb) was up and worse at $-42.30B vs consensus $-38.50B.
Markit Services PMI (Mar) arrived at 55.3 vs previous same while ISM Non-Manufacturing PMI (Mar) arrived lower and worse at 53.1 vs 53.5 consensus.
AUD/USD Levels
Current price is 0.9233, with resistance ahead at 0.9233 (Hourly 20 EMA), 0.9245 (Daily Classic PP), 0.9246 (Hourly 100 SMA), 0.9247 (Weekly Low) and 0.9249 (Daily Open). Next support to the downside can be found at 0.9225 (Daily Classic S1), 0.9223 (Yesterday's Low), 0.9218 (Hourly 200 SMA), 0.9206 (Daily Low) and 0.9202 (Daily Classic S2).
AUD/USD overnight action
AUD/USD had taken a dive from 0.9250 and putting pressure on 0.9210 when Retail Sales from Australia read lower than consensus today at 0.2% vs 0.3% and 1.2% previous. However, there was a turnaround now when the pair spiked to 0.9240 on Chinese data. China services activity growth strengthened to a four-month high, after the HSBC China Services Business Activity Index recorded a rise of 51.9 in March, up from 51.0 in February.
BNZ research team said they had been seeing other Australian data print strongly. “The AUD was supported by stellar retail sales, employment, and export data outturns over the month of March, and the RBA’s apparent unwillingness to stand in its way has emboldened its buyers. Also, the RBA declined to talk the AUD lower, leaving the currency atop the league table.
US data wrap effecting AUD/USD
Initial Jobless Claims (Mar 28) arrived disappointingly at 326k vs 317k expected.
Continuing Jobless Claims (Mar 21) came in better than expected at 2.836M vs 2.840M consensus.
Trade Balance (Feb) was up and worse at $-42.30B vs consensus $-38.50B.
Markit Services PMI (Mar) arrived at 55.3 vs previous same while ISM Non-Manufacturing PMI (Mar) arrived lower and worse at 53.1 vs 53.5 consensus.
AUD/USD Levels
Current price is 0.9233, with resistance ahead at 0.9233 (Hourly 20 EMA), 0.9245 (Daily Classic PP), 0.9246 (Hourly 100 SMA), 0.9247 (Weekly Low) and 0.9249 (Daily Open). Next support to the downside can be found at 0.9225 (Daily Classic S1), 0.9223 (Yesterday's Low), 0.9218 (Hourly 200 SMA), 0.9206 (Daily Low) and 0.9202 (Daily Classic S2).