4 Feb 2014
AUD/USD making ground on 0.89 handle
FXStreet (Guatemala) - AUD/USD is relishing in the sentiment that the currency is in fact not too high.
Strategists at TD Securities said, “The decision to remain on hold was not the surprise, it was the rewritten statement removing any suggestion that the AUD was ‘high’ or ‘uncomfortably high’, and there wasn’t even a hint at a scope for further easing...the conclusion of “likely to be a period of stability in interest rates” was fairly neutral forward guidance. The quarterly Statement on Monetary Policy on Friday will spell out fresh growth and inflation forecasts from the Bank”. The pair continues north despite the dollar performing better else where.
AUD/USD Levels
The 20 DMA is 0.8837, the 50 DMA is 0.8927 and the 200 DMA is 0.9279. RSI (14) reads 59.29. Supports are ascending from 0.8660, 0.8695, 0.8730 and 0.8770. Spot is 0.8920, 0.8956, 0.8971 and 0.9009.
Strategists at TD Securities said, “The decision to remain on hold was not the surprise, it was the rewritten statement removing any suggestion that the AUD was ‘high’ or ‘uncomfortably high’, and there wasn’t even a hint at a scope for further easing...the conclusion of “likely to be a period of stability in interest rates” was fairly neutral forward guidance. The quarterly Statement on Monetary Policy on Friday will spell out fresh growth and inflation forecasts from the Bank”. The pair continues north despite the dollar performing better else where.
AUD/USD Levels
The 20 DMA is 0.8837, the 50 DMA is 0.8927 and the 200 DMA is 0.9279. RSI (14) reads 59.29. Supports are ascending from 0.8660, 0.8695, 0.8730 and 0.8770. Spot is 0.8920, 0.8956, 0.8971 and 0.9009.