30 Oct 2013
AUD/USD toying with 0.9500
FXstreet.com (Edinburgh) -The Aussie dollar is reverting the recent decline on Wednesday, pushing the AUD/USD to test the 0.9500 handle although failing to convincingly break above it so far.
AUD/USD indifferent after Oz data
The pair practically ignored the improvement from the New Home Sales gauged by HIA, expanding 6.4% inter-month during September. The AUD slipped back towards 0.9460 overnight where buying interest turned up and is now lifting the pair to the vicinity of 0.9500 the figure. There are no further data in Australia, with the FOMC meeting floating as the main event ahead in the day. Analysts at UBS remain neutral on the pair, arguing “The pair is under selling pressure, with strong support 0.9410. A close below this would be negative, exposing 0.9281. Resistance is at 0.9623 ahead of 0.9758”.
AUD/USD levels to watch
At the moment the pair is up 0.20% at 0.9501 with the next resistance at 0.9616 (MA10d) ahead of 0.9624 (high Oct.25) and finally 0.9671 (high Oct.24). On the downside, a violation of 0.9476 (low Oct.15) would bring 0.9410 (low Oct.14).
AUD/USD indifferent after Oz data
The pair practically ignored the improvement from the New Home Sales gauged by HIA, expanding 6.4% inter-month during September. The AUD slipped back towards 0.9460 overnight where buying interest turned up and is now lifting the pair to the vicinity of 0.9500 the figure. There are no further data in Australia, with the FOMC meeting floating as the main event ahead in the day. Analysts at UBS remain neutral on the pair, arguing “The pair is under selling pressure, with strong support 0.9410. A close below this would be negative, exposing 0.9281. Resistance is at 0.9623 ahead of 0.9758”.
AUD/USD levels to watch
At the moment the pair is up 0.20% at 0.9501 with the next resistance at 0.9616 (MA10d) ahead of 0.9624 (high Oct.25) and finally 0.9671 (high Oct.24). On the downside, a violation of 0.9476 (low Oct.15) would bring 0.9410 (low Oct.14).