29 Nov 2013
AUD/USD through 0.91 handle
FXstreet.com (London) - AUD/USD startled the bulls for a moment with a spike lower from highs 0.9140 and threatened the 0.91 handle.
AUD/USD remains bid on the handle but is struggling to keep a convincing form there. Strategists at TD Securities “Looking at the charts AUD/USD has some room to rebound toward 0.9200, but the broader fundamental and technical signals still suggest the trend in the coming weeks will still be lower, and we still expect to see sub-0.90 levels”.
AUD/USD Levels
The 20 DMA is 0.9327, the 50 DMA is 0.9420 and the 200 DMA is 0.9616. RSI (14) reads 55.55. Supports are ascending from 0.8924, 0.8958, 0.8973, 0.9038 and 0.9100. Spot is currently 0.9107 while resistances are coming in at 0.9159, 0.9204, 0.9260 and 0.9278.
AUD/USD remains bid on the handle but is struggling to keep a convincing form there. Strategists at TD Securities “Looking at the charts AUD/USD has some room to rebound toward 0.9200, but the broader fundamental and technical signals still suggest the trend in the coming weeks will still be lower, and we still expect to see sub-0.90 levels”.
AUD/USD Levels
The 20 DMA is 0.9327, the 50 DMA is 0.9420 and the 200 DMA is 0.9616. RSI (14) reads 55.55. Supports are ascending from 0.8924, 0.8958, 0.8973, 0.9038 and 0.9100. Spot is currently 0.9107 while resistances are coming in at 0.9159, 0.9204, 0.9260 and 0.9278.