FXStreet (Guatemala) - AUD/USD dropped a fraction of a cent on the first bout of US data releases; that said, plenty more to follow.

AUD/USD dropped 20 pips to the supporting 0.8940 mark on the Personal Consumption Expenditures Prices and Core Personal Consumption Expenditures Prices for Q4 Q/Q that beat expectations 1.0% vs 0.7% and 1.3% vs 1.1% respectively. However, the US Q4 GDP disappointed slightly as it only rose 2.4% vs a better expected 2.4%. Up next on a busy day of data we have Chicargo PMI which is expected to ease to 56.4 in Febuary from 59.6 in January (14.45 GMT). Then we have Michigan consumer sentiment at 14.55GMT, expected 81.2 and to round things off we have Pending home sales at 15.00GMT expected to rise 1.8% vs the January disappointment when we had a decline of 8.7%.

AUD/USD Levels

The 20 DMA is 0.8965, the 50 DMA is 0.8910 and the 200 DMA is 0.9186. RSI (14) reads 48.36. Supports are ascending from 0.8821, 0.8873, 0.8898, 0.8921. Spot is 0.8940 while resistances are 0.8973, 0.8999, 0.9026 and 0.9087.