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3 Apr 2014
AUD/USD bouncing back on China
FXStreet (Guatemala) - Currently, AUD/USD is trading at 0.9230, down -0.19% on the day, having posted a daily high at 0.9256 and low at 0.9211.
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, we are seeing a turnaround now when the pair spiked to 0.9240 on Chinese data.
China HSBC services index posts 4-month high
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.
AUD/USD Levels
Current price is 0.9231, with resistance ahead at 0.9243 (Hourly 20 EMA), 0.9245 (Daily Classic PP), 0.9249 (Daily Open), 0.9252 (Hourly 100 SMA) and 0.9256 (Daily High). Next support to the downside can be found at 0.9226 (Weekly Low), 0.9225 (Daily Classic S1), 0.9223 (Yesterday's Low), 0.9211 (Daily Low) and 0.9209 (Hourly 200 SMA).
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, we are seeing a turnaround now when the pair spiked to 0.9240 on Chinese data.
China HSBC services index posts 4-month high
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.
AUD/USD Levels
Current price is 0.9231, with resistance ahead at 0.9243 (Hourly 20 EMA), 0.9245 (Daily Classic PP), 0.9249 (Daily Open), 0.9252 (Hourly 100 SMA) and 0.9256 (Daily High). Next support to the downside can be found at 0.9226 (Weekly Low), 0.9225 (Daily Classic S1), 0.9223 (Yesterday's Low), 0.9211 (Daily Low) and 0.9209 (Hourly 200 SMA).