18 Nov 2013
AUD/USD downside being tested below the 0.94 handle
FXstreet.com (London) - AUD/USD has lost it's grip on the 0.94 handle after a gap on the charts through the figure on the open from 0.9360.
AUD/USD is currently oscillating in the 0.9380/90 territory. A currency research team at TD Securities said the focus on the positive impact of China’s reforms on regional growth prospects have helped boost the performance of the Aussie…"RBA minutes and policy makers’ speeches (Governor Stevens and Asst. Governor Debelle both have speaking engagements this week) may attempt to take some wind out of the AUD’s sails".
AUD/USD Levels
The 20 DMA is 0.9485, the 50 DMA is 0.9440 and the 200 DMA is 0.9665. RSI (14) reads 55.35. Supports are ascending from 0.9234, 0.9260, 0.9282, 0.9305. Spot is currently 0.9388, while resistances are 0.9421, 0.9438, 0.9482, 0.9509.
AUD/USD is currently oscillating in the 0.9380/90 territory. A currency research team at TD Securities said the focus on the positive impact of China’s reforms on regional growth prospects have helped boost the performance of the Aussie…"RBA minutes and policy makers’ speeches (Governor Stevens and Asst. Governor Debelle both have speaking engagements this week) may attempt to take some wind out of the AUD’s sails".
AUD/USD Levels
The 20 DMA is 0.9485, the 50 DMA is 0.9440 and the 200 DMA is 0.9665. RSI (14) reads 55.35. Supports are ascending from 0.9234, 0.9260, 0.9282, 0.9305. Spot is currently 0.9388, while resistances are 0.9421, 0.9438, 0.9482, 0.9509.