24 Jan 2014
AUD/USD for 0.85?
FXstreet.com (Guatemala) - AUD/USD has reclaimed the 0.87 handle after a punishment of sellers hitting the unit down through the figure from 0.8760.
The pair was hit after RBA’s Ridout saying AUD near 0.80c would be a fair deal. Then China came issuing alerts on credit risks in the coal industry. The pair wasn’t below 0.87 in three years. Some analysts expect pressure to build as we head towards 0.8500 with there only being real support in 0.8630/40.
AUD/USD Levels
The 20 DMA is 0.8894, the 50 DMA is 0.9004 and the 200 DMA is 0.9332. RSI (14) reads 52.95. Supports are ascending from 0.8560, 0.8630/40. Spot is 0.8717 with resistances at 0.8775, 0.8815, 0.8858 and 0.8889.
The pair was hit after RBA’s Ridout saying AUD near 0.80c would be a fair deal. Then China came issuing alerts on credit risks in the coal industry. The pair wasn’t below 0.87 in three years. Some analysts expect pressure to build as we head towards 0.8500 with there only being real support in 0.8630/40.
AUD/USD Levels
The 20 DMA is 0.8894, the 50 DMA is 0.9004 and the 200 DMA is 0.9332. RSI (14) reads 52.95. Supports are ascending from 0.8560, 0.8630/40. Spot is 0.8717 with resistances at 0.8775, 0.8815, 0.8858 and 0.8889.