25 Sep 2013
AUD/USD eyes 100 DMA; will that be the breaking point?
FXstreet.com (London) - AUD/USD is trading at the mercy of broad risk factors and trades heavy in context to the recent range.
The main news of late has been with the RBA describing household risk appetite only having increased a little. The price action in the pair hasn’t translated into any real challenge of the downside supports around 0.9343 followed by the 100DMA at 0.9324 yet. From the calendar for the US we have seen US New Home Sales (MoM) (Aug) printed 0.421M vs 0.420M consensus. While the change came in at 7.9% MoM. We will await for tomorrows data as well, with GDP, jobs numbers and yet more speeches from FOMC members.
AUD/USD Levels
The 20 DMA is 0.9248, the 50 DMA is 0.9153 and the 200 DMA is 0.9847. 100 DMA is 0.9324 and could act as a key level to the downside. RSI (14) reads 43.94. Supports are ascending from 0.9223, 0.9271, 0.9285, 0.9330. Spot is currently 0.9357 while resistances are 0.9459, 0.9503, 0.9530 and 0.9574.
The main news of late has been with the RBA describing household risk appetite only having increased a little. The price action in the pair hasn’t translated into any real challenge of the downside supports around 0.9343 followed by the 100DMA at 0.9324 yet. From the calendar for the US we have seen US New Home Sales (MoM) (Aug) printed 0.421M vs 0.420M consensus. While the change came in at 7.9% MoM. We will await for tomorrows data as well, with GDP, jobs numbers and yet more speeches from FOMC members.
AUD/USD Levels
The 20 DMA is 0.9248, the 50 DMA is 0.9153 and the 200 DMA is 0.9847. 100 DMA is 0.9324 and could act as a key level to the downside. RSI (14) reads 43.94. Supports are ascending from 0.9223, 0.9271, 0.9285, 0.9330. Spot is currently 0.9357 while resistances are 0.9459, 0.9503, 0.9530 and 0.9574.