AUD/USD pushing on through

FXstreet.com (Guatemala) - AUD/USD has been on a bullish bias and has surprised some strategists with its robustness, as Emmanuel Ng, strategists at OCBC had said that he felt pair might have failed on upticks towards 0.9045 if the global macro backdrop outside of the G3 remained less than encouraging. He say’s, “Going ahead, we may however take profit on our prior short AUD/USD recommendation if markets continue to engage in profit taking behaviour”.

The AUD/USD Levels

The 20 DMA is 0.8940, the 50 DMA is 0.9157 and the 200 DMA is 0.9440. RSI (14) reads 48.74. Supports are 0.8820, 0.8834, 0.8881, 0.8944. Spot is 0.8959 with resistances at 0.8970, 0.9047, 0.9083, 0.9125 and 0.9169.