16 Oct 2013
AUD/USD waiting for a resolution?
FXstreet.com (London) - AUD/USD us a fairly subdued play so far in global sessions as traders await for a resolution in Washington.
The market and notably importers are said to have decent offers 0.9540/50 which should cap AUD/USD until we get any positive news and risk rallies. The range within 0.9500/50 looks likely until news breaks. There is in fact little in the way of data other than the National Australia Bank's Business Confidence (QoQ) (Q3) and the Beige Book. There are a number of Fed speakers this week. Tomorrow will also bring RBA's Governor Glenn Stevens Speech.
AUD/USD Levels
The 20 DMA is 0.9420, the 50 DMA is 0.9249 and the 200 DMA is 0.9771. RSI (14) reads 52.06. supports are 0.9410, 0.9453, 0.9467, 0.9485 and 0.9522. spot is currently 0.9528 while resistances are 0.9548, 0.9581, 0.9600 and 0.9641.
The market and notably importers are said to have decent offers 0.9540/50 which should cap AUD/USD until we get any positive news and risk rallies. The range within 0.9500/50 looks likely until news breaks. There is in fact little in the way of data other than the National Australia Bank's Business Confidence (QoQ) (Q3) and the Beige Book. There are a number of Fed speakers this week. Tomorrow will also bring RBA's Governor Glenn Stevens Speech.
AUD/USD Levels
The 20 DMA is 0.9420, the 50 DMA is 0.9249 and the 200 DMA is 0.9771. RSI (14) reads 52.06. supports are 0.9410, 0.9453, 0.9467, 0.9485 and 0.9522. spot is currently 0.9528 while resistances are 0.9548, 0.9581, 0.9600 and 0.9641.