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13 Feb 2014
AUD/USD claiming back some territory
FXStreet (Guatemala) - AUD/USD is attempting to climb back and away from the lows after dropping a big figure overnight with poor US data today in the US offering an opportunity to take profits.
From the calendar for Initial Jobless Claims, a seasonally adjusted 339K number came in the week ended February 7, missing expectations at 330K and coming from 331K (revised from 331K) in the previous print. Continuing claims, which reflect people already receiving benefits, decreased by 18K to a seasonally adjusted 2.953 million in the week ended January 31 vs. 2.971 million in the previous week (revised). Then we had the Commerce Department that informed that US Retail Sales contracted 0.4% inter-month during January, while excluding the Auto sector sales came in flat. Overnight, the Australian employment fell 3.7k in January, which was well below expectations and the worst print in a decade.
AUD/USD Levels
The 20 DMA is 0.8842, the 50 DMA is 0.8908 and the 200 DMA is 0.9233. RSI (14) reads 42.77. Supports are ascending from 0.8770, 0.8821, 0.8873, 0.8907, 0.8965, 0.9007, 0.9031, 0.9068 and 0.9087.
From the calendar for Initial Jobless Claims, a seasonally adjusted 339K number came in the week ended February 7, missing expectations at 330K and coming from 331K (revised from 331K) in the previous print. Continuing claims, which reflect people already receiving benefits, decreased by 18K to a seasonally adjusted 2.953 million in the week ended January 31 vs. 2.971 million in the previous week (revised). Then we had the Commerce Department that informed that US Retail Sales contracted 0.4% inter-month during January, while excluding the Auto sector sales came in flat. Overnight, the Australian employment fell 3.7k in January, which was well below expectations and the worst print in a decade.
AUD/USD Levels
The 20 DMA is 0.8842, the 50 DMA is 0.8908 and the 200 DMA is 0.9233. RSI (14) reads 42.77. Supports are ascending from 0.8770, 0.8821, 0.8873, 0.8907, 0.8965, 0.9007, 0.9031, 0.9068 and 0.9087.