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3 Mar 2015
AUD/USD dips below hourly 200-MA
FXStreet (Mumbai) - The Australian dollar is giving-up its gains slowly, which pushed the AUD/USD pair below the hourly 200-MA located at 0.7814 as the markets price-in the dovish guidance given by the Reserve Bank of Australia (RBA) earlier today.
AUD/USD: Drops below 10-DMA
The pair has dropped below the 10-DMA located at 0.7815 after having set a daily high at 0.7839. The Aussie had surged after the RBA left the cash rate unchanged at 2.25% earlier today. However, the Aussie has backed-off from its daily high as the RBA did express a possibility of more monetary easing in the months ahead.
AUD/USD Technical Levels
The pair currently trades at 0.7809; up 0.56%. The immediate support is seen at 0.7792 (5-DMA) and 0.7776 levels. On the other hand, resistance is seen at 0.7815 (10-DMA) and at the daily high of 0.7839.
AUD/USD: Drops below 10-DMA
The pair has dropped below the 10-DMA located at 0.7815 after having set a daily high at 0.7839. The Aussie had surged after the RBA left the cash rate unchanged at 2.25% earlier today. However, the Aussie has backed-off from its daily high as the RBA did express a possibility of more monetary easing in the months ahead.
AUD/USD Technical Levels
The pair currently trades at 0.7809; up 0.56%. The immediate support is seen at 0.7792 (5-DMA) and 0.7776 levels. On the other hand, resistance is seen at 0.7815 (10-DMA) and at the daily high of 0.7839.