24 Sep 2013
AUD/USD losing the .09400 handle; range bound or convincingly offered?
FXstreet.com (London) - AUD/USD as supported on the bid yesterday by demand from exporters into 0.9450 but sold by leverage participants overnight.
AUD/USD ranges are between 0.9370/0.9470 currently, with consolidation remaining the prevailing force among the majors. Research teams at TD Securities commented, suggesting more QE tapering comments have given the USD a mild, but broad bid, and have left the AUD as an under performer.
AUD/USD Levels
20 DMA is .9227, the 50 DMA is .9151 and the 200 DMA is .9858. RSI (14) reads 41.10. Supports are ascending from .9271, .9285, .9330, and .9362/70. Spot is currently .9376 while resistances are .9421, .9459, .9503, .9530 and .9574.
AUD/USD ranges are between 0.9370/0.9470 currently, with consolidation remaining the prevailing force among the majors. Research teams at TD Securities commented, suggesting more QE tapering comments have given the USD a mild, but broad bid, and have left the AUD as an under performer.
AUD/USD Levels
20 DMA is .9227, the 50 DMA is .9151 and the 200 DMA is .9858. RSI (14) reads 41.10. Supports are ascending from .9271, .9285, .9330, and .9362/70. Spot is currently .9376 while resistances are .9421, .9459, .9503, .9530 and .9574.