22 Aug 2013
AUD/USD is pulling back
FXstreet.com (London) - AUD/USD is pulling back from the highs 0.9046 and eye’s the 90.00 handle, albeit supported at 0.9015.
AUD/USD has been on the offer since the start of the week, and the trend accelerated overnight on the NA cross over where afternoon traders in NA received the minutes from the FOMC that came slightly more hawkish than anticipated by the market. The pair found some stability around the 0.8980 levels and consolidated at the pivot after falling from 0.9060 to a low of 0.8932. This afternoon has seen some disappointing job data from the US that took the pair to reach through .9040 and suffered the results of the initial jobless claims at 336K vs consensus 322k. So, a slightly disappointing number which takes the pair slightly lower. The annual Jackson Hole conference for central bankers also starts today. However, there No prominent Fed speakers that are scheduled, so there shouldn’t be any new insight into Fed's monetary policy thinking.
AUD/USD held ahead of Pivot
AUD/USD is trading on the offer slightly above the pivot and handle 0.9000. The 20 DMA is 9070, the 50 DMA is .9164 and the 200 DMA is .9997. RSI (14) 56.42. Supports are ascending from .8830, .8848, .8883, .8919, .8986. Spot is currently .9020 while resistances are .9058, .9104 and .9133.
AUD/USD has been on the offer since the start of the week, and the trend accelerated overnight on the NA cross over where afternoon traders in NA received the minutes from the FOMC that came slightly more hawkish than anticipated by the market. The pair found some stability around the 0.8980 levels and consolidated at the pivot after falling from 0.9060 to a low of 0.8932. This afternoon has seen some disappointing job data from the US that took the pair to reach through .9040 and suffered the results of the initial jobless claims at 336K vs consensus 322k. So, a slightly disappointing number which takes the pair slightly lower. The annual Jackson Hole conference for central bankers also starts today. However, there No prominent Fed speakers that are scheduled, so there shouldn’t be any new insight into Fed's monetary policy thinking.
AUD/USD held ahead of Pivot
AUD/USD is trading on the offer slightly above the pivot and handle 0.9000. The 20 DMA is 9070, the 50 DMA is .9164 and the 200 DMA is .9997. RSI (14) 56.42. Supports are ascending from .8830, .8848, .8883, .8919, .8986. Spot is currently .9020 while resistances are .9058, .9104 and .9133.