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14 Feb 2013
Forex: AUD/USD hovering over 1.0350
The Aussie dollar is hovering over the mid 1.3000s on Thursday, grinding lower in a context dominated by the risk aversion so far.
In the data space, Australian Consumer Expectations for the month of February rose 2.2%, exceeding the previous print at 2.0%.
More news from that part of the world signals that the BoJ left intact its monetary policy, with rates at 0.00-0.10% and the asset purchase programme unchanged.
At the moment, the cross is down 0.19% at 1.0349 with the next support at 1.0315 (MA20d) followed by 1.0303 (hourly high Feb11) and then 1.0293 (hourly high/lows Feb.1).
On the upside, a breakout of 1.0362 (high Feb.13) would open the door to 1.0400 (high Feb.6) and then 1.0408 (MA100d).