4 Nov 2013
Can AUD/USD hold 0.9500?
FXstreet.com (London) - >>>>AUD/USD has held the 0.9500 handle and is up 0.79% at 0.9515, off from the lows in 0.9439 and marking a high of 0.9516.
Meanwhile all the economic data signals a recovery and the RBA’s increased vigilance as regards rising house prices and high private household debt points towards an end of rate cuts. However, in order to help prevent the increasing appreciation pressure on the AUD, the RBA may wish to keep a low profile regarding the rate outlook.
AUD Levels
The 20 DMA is 0.9535, the 50 DMA is 0.9364 and the 200 DM is 0.9714. RSI (14) reads 35.12. Supports are ascending from 0.9334, 0.9389, 0.9410, 0.9430 and 0.9480. Spot is 0.9508 while resistances are coming in at 0.9530, 0.9556, 0.9585 and 0.9624.
Meanwhile all the economic data signals a recovery and the RBA’s increased vigilance as regards rising house prices and high private household debt points towards an end of rate cuts. However, in order to help prevent the increasing appreciation pressure on the AUD, the RBA may wish to keep a low profile regarding the rate outlook.
AUD Levels
The 20 DMA is 0.9535, the 50 DMA is 0.9364 and the 200 DM is 0.9714. RSI (14) reads 35.12. Supports are ascending from 0.9334, 0.9389, 0.9410, 0.9430 and 0.9480. Spot is 0.9508 while resistances are coming in at 0.9530, 0.9556, 0.9585 and 0.9624.