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20 Mar 2013
Forex: AUD/USD upside capped around 1.0390
FXstreet.com (Barcelona) - The Aussie dollar is hovering over 1.0380 on Wednesday after a couple of failed attempts to follow through 1.0390 so far.
In the domestic data front, the Westpac Leading Index rose 0.3% during January, matching December’s reading.
Next on tap in the Australian economy would be the RBA Bulletin and the CB Leading Indicator, both due tomorrow.
At the moment, the cross is advancing 0.11% at 1.0381 with the next resistance at 1.0410 (high Mar.18) and then 1.0413 (Upper Bollinger).
On the downside, a break below 1.0367 (MA200d) would aim for 1.0351 (low Mar.19) and finally 1.0332 (low Mar.18).
In the domestic data front, the Westpac Leading Index rose 0.3% during January, matching December’s reading.
Next on tap in the Australian economy would be the RBA Bulletin and the CB Leading Indicator, both due tomorrow.
At the moment, the cross is advancing 0.11% at 1.0381 with the next resistance at 1.0410 (high Mar.18) and then 1.0413 (Upper Bollinger).
On the downside, a break below 1.0367 (MA200d) would aim for 1.0351 (low Mar.19) and finally 1.0332 (low Mar.18).