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23 Sep 2013
AUD/USD under pressure; testing key support
FXstreet.com (London) - AUD/USD made a high of 0.9530 last week but has since been under pressure.
AUD/USD ended the week testing the key support area 0.9350 but has since found bids with a bounce on further positive numbers coming from China as September Flash PMI came in at 51.2 vs consensus of 50.8. which took the pair on a rally of almost 1% up form the lows to a high of 0.9448. The market appears to be sensitive to any Aussie strength and until 0.9500/50 is cleared, the pair may well continue to feel pressure between 0.9370/0.9470.
AUD/USD Levels
The 20 DMA is 9204, the 50 DMA is .9147 and the 200 DMA is .9858. RSI (14) is 50.29 while supports are coming in at .9271, .9285, .9350, 9362, and .9426. Spot is currently .9440. Resistances are .9470, .9503 .9530/50 and .9574.
AUD/USD ended the week testing the key support area 0.9350 but has since found bids with a bounce on further positive numbers coming from China as September Flash PMI came in at 51.2 vs consensus of 50.8. which took the pair on a rally of almost 1% up form the lows to a high of 0.9448. The market appears to be sensitive to any Aussie strength and until 0.9500/50 is cleared, the pair may well continue to feel pressure between 0.9370/0.9470.
AUD/USD Levels
The 20 DMA is 9204, the 50 DMA is .9147 and the 200 DMA is .9858. RSI (14) is 50.29 while supports are coming in at .9271, .9285, .9350, 9362, and .9426. Spot is currently .9440. Resistances are .9470, .9503 .9530/50 and .9574.