Back
21 Feb 2014
AUD/USD back below 0.9000
FXStreet (Edinburgh) - The Aussie dollar is now losing the grip, taking the AUD/USD below the critical support at 0.9000 on Friday.
AUD/USD rebounds from 0.8930
The pair is looking to recover the post-Chinese PMI levels beyond 0.9020, coming back from yesterday’s troughs in the vicinity of 0.8930. Data-wise, there are no releases in Oz while Existing Home Sales and some Fedspeak would we in the spotlight via the USD side of the equation. According to Sean Callow, Strategist at Westpac, “We retain a buy on dips bias for AUD/USD in coming days, while recognizing that 0.9085 will be strong resistance”.
AUD/USD key levels
At the moment the pair is down 0.19% at 0.8993 with the immediate support at 0.8937 (low Feb.20) ahead of 0.8928 (low Feb.13) and finally 0.8907 (low Feb.10). On the flip side, a breakout of 0.9023 (high Feb.20) would open the door to 0.9044 (high Feb.19) and then 0.9081 (high Feb.18).
AUD/USD rebounds from 0.8930
The pair is looking to recover the post-Chinese PMI levels beyond 0.9020, coming back from yesterday’s troughs in the vicinity of 0.8930. Data-wise, there are no releases in Oz while Existing Home Sales and some Fedspeak would we in the spotlight via the USD side of the equation. According to Sean Callow, Strategist at Westpac, “We retain a buy on dips bias for AUD/USD in coming days, while recognizing that 0.9085 will be strong resistance”.
AUD/USD key levels
At the moment the pair is down 0.19% at 0.8993 with the immediate support at 0.8937 (low Feb.20) ahead of 0.8928 (low Feb.13) and finally 0.8907 (low Feb.10). On the flip side, a breakout of 0.9023 (high Feb.20) would open the door to 0.9044 (high Feb.19) and then 0.9081 (high Feb.18).