Back
20 Sep 2013
AUD/USD is offered ahead of 0.9420 support
FXstreet.com (London) - AUD/USD is treading on support and failure here opens up levels to 0.9380.
A lot of the biggest movers over the past week have been driven by the Fed’s decision not to taper with US 2 year yields moving over 2.5 standard deviations. AUD was among the top performers this week but has since given back 80 pips with the US on the defensive while Existing Home Sales in the US improved as did the Philly Fed Manufacturing Survey.
AUD/USD levels
The 20 DMA is .9170, the 50 DMA is .9135 and the 200 DMA is .9870. RSI (14) reads 45.31. Supports are ascending from .9285, .9336, .9393 and .9437. Spot is currently .9440 while resistances are coming in at .9497 and .9574.
A lot of the biggest movers over the past week have been driven by the Fed’s decision not to taper with US 2 year yields moving over 2.5 standard deviations. AUD was among the top performers this week but has since given back 80 pips with the US on the defensive while Existing Home Sales in the US improved as did the Philly Fed Manufacturing Survey.
AUD/USD levels
The 20 DMA is .9170, the 50 DMA is .9135 and the 200 DMA is .9870. RSI (14) reads 45.31. Supports are ascending from .9285, .9336, .9393 and .9437. Spot is currently .9440 while resistances are coming in at .9497 and .9574.