27 Mar 2014
AUD/USD enjoying the view on 0.92 handle
FXStreet (Guatemala) - AUD/USD has been parked up at a rest spot from the recent highs on the session and is enjoying the view on 0.9220 support.
AUD/USD looks bullish and Karen Jones chief analyst at Commerzbank explained, “AUD/USD has cleared the 0.9168 December high and this has opened the way to higher prices. A close above .9168 would imply a deeper rally to .9338, the 61.8% retracement and introduced scope to .9448, the November high”.
RBA’s Stevens comments summary
Stevens was speaking yesterday, and to remind on his comments as follows...“Long-run level for AUD is ‘lower than at present, should drop with terms of trade’, ‘stuff happens’ when the Fed changes course, sees handover from commodity-related growth to residential investment, private demand” – Stephen Gallo, European Head of Currency Strategy at BMO Capital.
AUD/USD Levels
The 20 DMA is 0.9030, the 50 DMA is 0.8949 and the 200 DMA is 0.9137. RSI (14) reads 59.78. Supports are ascending from 0.9048, 0.9080, 0.9112, 0.9138, 0.9180, and 0.9204. Spot is 0.9217 while resistances are 0.9240/60, 0.9278 and 0.9316.
AUD/USD looks bullish and Karen Jones chief analyst at Commerzbank explained, “AUD/USD has cleared the 0.9168 December high and this has opened the way to higher prices. A close above .9168 would imply a deeper rally to .9338, the 61.8% retracement and introduced scope to .9448, the November high”.
RBA’s Stevens comments summary
Stevens was speaking yesterday, and to remind on his comments as follows...“Long-run level for AUD is ‘lower than at present, should drop with terms of trade’, ‘stuff happens’ when the Fed changes course, sees handover from commodity-related growth to residential investment, private demand” – Stephen Gallo, European Head of Currency Strategy at BMO Capital.
AUD/USD Levels
The 20 DMA is 0.9030, the 50 DMA is 0.8949 and the 200 DMA is 0.9137. RSI (14) reads 59.78. Supports are ascending from 0.9048, 0.9080, 0.9112, 0.9138, 0.9180, and 0.9204. Spot is 0.9217 while resistances are 0.9240/60, 0.9278 and 0.9316.