4 Dec 2013
AUD/USD to break 0.91 handle?
FXstreet.com (London) - AUD/USD is trading on support of 0.9070 ahead of 0.9055.
AUD/USD 0.9055 offers a strong support line since the free fall from 0.92 handle last week. The pair needs to offer a convincing break of this level if sub 0.91 territory can be revealed again. The Australian GDP numbers that disappointed may not in fact be the catalysts for such a move ahead of this weeks US data counts that markets might be nervous to position themselves in too broadly ahead of the releases.
AUD/USD Levels
The 20 DMA is 0.9290, the 50 DMA is 0.9408 and the 200 DMA is 0.9604. RSI (14) reads 57.00. Supports are ascending from 0.8958, 0.8973, 0.9038 and 0.9055. Spot is 0.9074 and key resistances are 0.9169, 0.9204, 0.9260 and 0.9278.
AUD/USD 0.9055 offers a strong support line since the free fall from 0.92 handle last week. The pair needs to offer a convincing break of this level if sub 0.91 territory can be revealed again. The Australian GDP numbers that disappointed may not in fact be the catalysts for such a move ahead of this weeks US data counts that markets might be nervous to position themselves in too broadly ahead of the releases.
AUD/USD Levels
The 20 DMA is 0.9290, the 50 DMA is 0.9408 and the 200 DMA is 0.9604. RSI (14) reads 57.00. Supports are ascending from 0.8958, 0.8973, 0.9038 and 0.9055. Spot is 0.9074 and key resistances are 0.9169, 0.9204, 0.9260 and 0.9278.