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28 Nov 2013
AUD/USD sub 0.9100 but consolidating?
FXstreet.com (London) - AUD/USD has started to find some support just below the 0.91 handle.
TD Securities strategists note that the AUD is the top G10 FX performer overnight on the back of a stronger Australian Capital expenditure report. “A solid New Zealand business confidence survey also added to the lift for the Antipodeans generally. The AUD/USD has decently bounced, but the bigger, broader issue for is still QE tapering from the Fed in the coming months that should keep the trend lower overall”.
AUD/USD Levels
The 20 DMA is 0.9345, the 50 DMA is 0.9427 and the 200 DMA is 0.9622.RSI (14) reads 42.29. Supports are ascending from 0.8958, 0.8973, 0.9038 and 0.9065. Spot is currently 0.9095 with resistances at 0.9214, 0.9260, 0.9278 and 0.9316.
TD Securities strategists note that the AUD is the top G10 FX performer overnight on the back of a stronger Australian Capital expenditure report. “A solid New Zealand business confidence survey also added to the lift for the Antipodeans generally. The AUD/USD has decently bounced, but the bigger, broader issue for is still QE tapering from the Fed in the coming months that should keep the trend lower overall”.
AUD/USD Levels
The 20 DMA is 0.9345, the 50 DMA is 0.9427 and the 200 DMA is 0.9622.RSI (14) reads 42.29. Supports are ascending from 0.8958, 0.8973, 0.9038 and 0.9065. Spot is currently 0.9095 with resistances at 0.9214, 0.9260, 0.9278 and 0.9316.