5 Sep 2013
AUD/USD looks toppy
FXstreet.com (London) - AUD/USD has consolidated 0.9130/50, down from 0.9190 ahead of key US data tomorrow.
Research teams at Westpac noted “Three week highs on AUD/USD seem to be outrunning fundamentals, with local data too mixed to justify the reduction in pricing for further RBA easing. But the US employment report rather than local news should be the dominant driver for G10 and Asia currencies in coming days”.
AUD/USD levels
The 20 DMA is .9063, the 50 DMA is .9101 and the 200 DMA is .9934. RSI (14) reads 45.98 Supports are ascending from .8973, .9010, .9038, and .9063. Spot is currently while resistances are .9170, .9193, .9234, .9258 and .9320.
Research teams at Westpac noted “Three week highs on AUD/USD seem to be outrunning fundamentals, with local data too mixed to justify the reduction in pricing for further RBA easing. But the US employment report rather than local news should be the dominant driver for G10 and Asia currencies in coming days”.
AUD/USD levels
The 20 DMA is .9063, the 50 DMA is .9101 and the 200 DMA is .9934. RSI (14) reads 45.98 Supports are ascending from .8973, .9010, .9038, and .9063. Spot is currently while resistances are .9170, .9193, .9234, .9258 and .9320.