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12 Mar 2014
AUD/USD heads a tad lower on poor data
FXStreet (Guatemala) - Westpac Consumer Confidence (Mar) came in disappointing to last month at -0.7% vs -0.3%, albeit there has been little market reaction to this. AUD/USD continues to trade offered.
Meanwhile, RSI enters oversold territory in an extension to the concerns around China as the Australian economy plays host to its biggest trading partner.
AUD/USD Levels
The 20 DMA is 0.9004, the 50 DMA is 0.8923 and the 200 DMA is 0.9163. RSI (14) reads 30.28 Supports are ascending from 0.8909 and 0.8933. Spot is 0.8957 while resistances are 0.9033, 0.9107, 0.9135, 0.9169 and 0.9204.
Meanwhile, RSI enters oversold territory in an extension to the concerns around China as the Australian economy plays host to its biggest trading partner.
AUD/USD Levels
The 20 DMA is 0.9004, the 50 DMA is 0.8923 and the 200 DMA is 0.9163. RSI (14) reads 30.28 Supports are ascending from 0.8909 and 0.8933. Spot is 0.8957 while resistances are 0.9033, 0.9107, 0.9135, 0.9169 and 0.9204.