FXStreet (Guatemala) - The calendar for Australia is light and Asian markets are focusing on this release for now in the form of the Chinese HSBC/Markit flash manufacturing PMI for February.

AUD/USD has been trading a few pips off 0.9000 the figure which has been acting as a psychological level in a slow market, lacking from any impetus for traders to get involved in with any real urgency until this release. The pair dumped in the blink of an eye when the release came as 48.3 vs 49.4 expected. This has punished the pair further after AUD/USD slipped post the FOMC minutes and a bullish statement coming from Fed’s Bullard earlier. While nothing was said there that markets were not expecting, given Yellens recent testimony, there was however a more hawkish tone around the US economy.Up next, the US the calendar. This is crowded again. Jan CPI, Jobless claims, Feb payrolls survey and the Feb Philly Fed index are all potential market movers.

AUD/USD Levels

The 20 DMA is 0.8885, the 50 DMA is 0.8901 and the 200 DMA is 0.9214. RSI (14) reads 30.14. Supports are ascending from 0.8920 and 0.8949.
Spot is 0.8954. Resistances are 0.9000, 0.9048, 0.9087, 0.9125 and 0.9169.