5 Mar 2014
AUD/USD scores a high 0.8958
FXStreet (Guatemala) - AUD/USD has popped slightly higher onto a high of 0.8958 on good, albeit second tier, economic data out of Australia.
The latest seasonally adjusted Australian Performance of Services Index soared to 55.2 points in February from a 49.3 previous, representing the first expansion for the Australian PSI (reading above 50 points) since January 2012 and the highest reading since March 2008. Meanwhile, the RBA left policy on hold at yesterdays meeting (but resumed the commentary on the AUD, noting the currency remained high by historical standards). We are also reminded that the Q4 current account deficit narrowed to -AUD10.1bn (-12.5bn in Q3).
AUD/USD Levels
The 20 DMA is 0.8983, the 50 DMA is 0.8911 and the 200 DMA is 0.9179. RSI (14) reads 57.65. Support are ascending from 0.8770, 0.8821, 0.8873 and 0.8891. Spot is 0.8950 while resistances are 0.8975, 0.8990, 0.9026 and 0.9050.
The latest seasonally adjusted Australian Performance of Services Index soared to 55.2 points in February from a 49.3 previous, representing the first expansion for the Australian PSI (reading above 50 points) since January 2012 and the highest reading since March 2008. Meanwhile, the RBA left policy on hold at yesterdays meeting (but resumed the commentary on the AUD, noting the currency remained high by historical standards). We are also reminded that the Q4 current account deficit narrowed to -AUD10.1bn (-12.5bn in Q3).
AUD/USD Levels
The 20 DMA is 0.8983, the 50 DMA is 0.8911 and the 200 DMA is 0.9179. RSI (14) reads 57.65. Support are ascending from 0.8770, 0.8821, 0.8873 and 0.8891. Spot is 0.8950 while resistances are 0.8975, 0.8990, 0.9026 and 0.9050.