24 Sep 2013
AUD/USD cautious bulls denied
FXstreet.com (London) - AUD/USD attempted .9400 on a build up in Europe but was suffocated by bears at .9410.
AUD/USD ranges are between .9370/.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 .9392 while resistances are .9410.9421, .9459, .9503, .9530 and .9574.
AUD/USD ranges are between .9370/.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 .9392 while resistances are .9410.9421, .9459, .9503, .9530 and .9574.