21 Nov 2013
AUD/USD back below 0.9300
FXstreet.com (Edinburgh) - The selling interest around the Aussie dollar intensifies on Thursday, pushing the AUD/USD back to sub-0.9300 levels, last seen in mid September.
AUD/USD eyes on RBA’s Stevens
Data wise in Australia, the RBA FX transactions came in at A$648 million in October, within the usual A$400-A$700 million range. The pair is suffering the better tone in the USD, after the FOMC minutes hinted at the possibility of a December taper. In light of G.Stevens’s speech, Analyst Sean Callow at Westpac commented, “This seems the ideal topic to deliver another round of jawboning about the “uncomfortably high” exchange rate. But with the RBA seemingly firmly on hold until at least February and no one seriously talking about intervention, AUD might not be too sensitive to the speech”.
AUD/USD levels to watch
As of writing the pair is losing 0.42% at 0.9298 with the immediate support at 0.9282 (low Nov.14) ahead of 0.9260 (low Nov.12) and finally 0.9223 (low Sep.13). On the upside, a surpass of 0.9316 (low Nov.20) would expose 0.9447 (MA50d) and then 0.9530 (high Sep.18).
AUD/USD eyes on RBA’s Stevens
Data wise in Australia, the RBA FX transactions came in at A$648 million in October, within the usual A$400-A$700 million range. The pair is suffering the better tone in the USD, after the FOMC minutes hinted at the possibility of a December taper. In light of G.Stevens’s speech, Analyst Sean Callow at Westpac commented, “This seems the ideal topic to deliver another round of jawboning about the “uncomfortably high” exchange rate. But with the RBA seemingly firmly on hold until at least February and no one seriously talking about intervention, AUD might not be too sensitive to the speech”.
AUD/USD levels to watch
As of writing the pair is losing 0.42% at 0.9298 with the immediate support at 0.9282 (low Nov.14) ahead of 0.9260 (low Nov.12) and finally 0.9223 (low Sep.13). On the upside, a surpass of 0.9316 (low Nov.20) would expose 0.9447 (MA50d) and then 0.9530 (high Sep.18).