29 Nov 2013
AUD/USD through 0.91 handle
FXstreet.com (London) - AUD/USD is through the 0.9100 handle again and is oscillating between 0.9100 and 0.9127 currently.
There was a handful of data out of Australia overnight, and none of it was particularly positive for the AUD mind you. Strategists at TD Securities noted that we saw weaker than expected private sector credit data overnight. They said the AUD nevertheless managed to hold up well overnight and has shown signs of stabilising over the past two days. “Looking at the charts AUD/USD has some room to rebound toward 0.9200, but the broader fundamental and technical signals still suggest the trend in the coming weeks will still be lower, and we still expect to see sub-0.90 levels”.
AUD/USD Levels
The 20 DMA is 0.9327, the 50 DMA is 0.9420 and the 200 DMA is 0.9616. RSI (14) reads 55.55. Supports are ascending from 0.8924, 0.8958, 0.8973, 0.9038 and 0.9100. Spot is currently 0.9117 while resistances are coming in at 0.9159, 0.9204, 0.9260 and 0.9278.
There was a handful of data out of Australia overnight, and none of it was particularly positive for the AUD mind you. Strategists at TD Securities noted that we saw weaker than expected private sector credit data overnight. They said the AUD nevertheless managed to hold up well overnight and has shown signs of stabilising over the past two days. “Looking at the charts AUD/USD has some room to rebound toward 0.9200, but the broader fundamental and technical signals still suggest the trend in the coming weeks will still be lower, and we still expect to see sub-0.90 levels”.
AUD/USD Levels
The 20 DMA is 0.9327, the 50 DMA is 0.9420 and the 200 DMA is 0.9616. RSI (14) reads 55.55. Supports are ascending from 0.8924, 0.8958, 0.8973, 0.9038 and 0.9100. Spot is currently 0.9117 while resistances are coming in at 0.9159, 0.9204, 0.9260 and 0.9278.