18 Nov 2013
AUD/USD filling the gap, 0.93 to follow?
FXstreet.com (London) - AUD/USD having gapped up on this weeks open to print a high of 0.9421, the pair is turning to the downside again, closing the gap and 0.9305 might be a target on it’s decent, cancelling Thursday’s uptrend.
AUD/USD has been offered throughout today’s sessions in Europe and the US, and with little data other than some benign TIC and housing stats from the US. Jacqui Douglas, Senior Global Strategist, Rates and FX Research at TD Securities explained what’s on the cards for the data around AUD. “The RBA Board meeting minutes Tue have been superseded by last Friday’s chunky Statement on Monetary Policy, so unlikely to herald new news. RBA FX transactions on Thu are worth a glance in case the outcome is different to the monthly average of $400m-$700m. Also Thu RBA Governor Stevens is speaking at a financial markets conference dinner on the 30 year anniversary of the floating of the AUD”.
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 has been offered throughout today’s sessions in Europe and the US, and with little data other than some benign TIC and housing stats from the US. Jacqui Douglas, Senior Global Strategist, Rates and FX Research at TD Securities explained what’s on the cards for the data around AUD. “The RBA Board meeting minutes Tue have been superseded by last Friday’s chunky Statement on Monetary Policy, so unlikely to herald new news. RBA FX transactions on Thu are worth a glance in case the outcome is different to the monthly average of $400m-$700m. Also Thu RBA Governor Stevens is speaking at a financial markets conference dinner on the 30 year anniversary of the floating of the AUD”.
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.