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27 Feb 2015
AUD/USD advances through 0.7800
FXStreet (Edinburgh) - The Aussie dollar managed to bounce off overnight lows around 0.7780 on Friday, now lifting AUD/USD beyond the 0.7800 handle.
AUD/USD eyes on RBA
The recent less auspicious results from the Australian Private Capital Expenditures (-2.2% in Q4) added concerns regarding the likelihood of a rate cut by the RBA in its meeting on Tuesday, dragging spot from the vicinity of 0.7920 to the 0.7780 zone.
Next of relevance in Oz will be the Chinese Manufacturing PMI for the month of February tracked by NBS (Sunday) and the HSBC’s gauge on Monday, followed by HIA’s New Home Sales (Monday) and Building Permits and the RBA meeting on Tuesday.
AUD/USD levels to watch
The pair is now advancing 0.30% at 0.7814 with the next up barrier at 0.7914 (high Feb.26) ahead of 0.7996 (55-d MA) and finally 0.8000 (psychological level). On the other hand, a breakdown of 0.7778 (low Feb.27) would open the door to 0.7721 (low Feb.13) and then 0.7700 (psychological level).
AUD/USD eyes on RBA
The recent less auspicious results from the Australian Private Capital Expenditures (-2.2% in Q4) added concerns regarding the likelihood of a rate cut by the RBA in its meeting on Tuesday, dragging spot from the vicinity of 0.7920 to the 0.7780 zone.
Next of relevance in Oz will be the Chinese Manufacturing PMI for the month of February tracked by NBS (Sunday) and the HSBC’s gauge on Monday, followed by HIA’s New Home Sales (Monday) and Building Permits and the RBA meeting on Tuesday.
AUD/USD levels to watch
The pair is now advancing 0.30% at 0.7814 with the next up barrier at 0.7914 (high Feb.26) ahead of 0.7996 (55-d MA) and finally 0.8000 (psychological level). On the other hand, a breakdown of 0.7778 (low Feb.27) would open the door to 0.7721 (low Feb.13) and then 0.7700 (psychological level).