3 Jan 2014
AUD/USD run done for time being?
FXstreet.com (London) - AUD/USD is consolidated just shy of the 0.90 handle after a flurry of activity in Asia where the pair rallied on stops and profit taking.
AUD/USD made a high in European markets of 0.9007 where the unit met further supply today, capping the pair in NY trading. Markets will return in full next week with Tokyo back and it will be full steam ahead with Central Banks and the FOMC coming on the scene and US jobs data. Today markets are ears to the wall with Bernanke speaking and we will be listening for any key sound bites from his pronouncements which we have not already taken on board in December’s FOMC.
AUD/USD Levels
The 20 DMA is 0.8948, the 50 DMA is 0.9170 and the 200 DMA is 0.9447. RSI (14) reads 62.12. Supports are 0.8820, 0.8843, 0.8886 and 0.8913. Spot is currently 0.8973 with resistances at 0.9011, 0.9047, 0.9083 and 0.9125.
AUD/USD made a high in European markets of 0.9007 where the unit met further supply today, capping the pair in NY trading. Markets will return in full next week with Tokyo back and it will be full steam ahead with Central Banks and the FOMC coming on the scene and US jobs data. Today markets are ears to the wall with Bernanke speaking and we will be listening for any key sound bites from his pronouncements which we have not already taken on board in December’s FOMC.
AUD/USD Levels
The 20 DMA is 0.8948, the 50 DMA is 0.9170 and the 200 DMA is 0.9447. RSI (14) reads 62.12. Supports are 0.8820, 0.8843, 0.8886 and 0.8913. Spot is currently 0.8973 with resistances at 0.9011, 0.9047, 0.9083 and 0.9125.