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14 Feb 2014
AUD/USD caught up on offers 0.9040
FXStreet (Guatemala) - AUD/USD could be concluding its rally for the wek at 0.9040 as the pair meets supply there down to 0.9020and testing Thursday resistance to the downside.
Meanwhile, strategists as Td Securities noted that RBA Assistant Governor Kent gave a speech on the AUD and Mining Boom. “The key quote “lower levels of the exchange rate will assist in achieving balanced growth in the economy’ dampened the AUD a little, was $US0.8993, dipped to $US0.8966, but rebounded just as quickly. Mild jawboning had no real impact and in fact is higher than opening levels”.
AUD/USD Levels
The 20 DMA is 0.8850, the 50 DMA is 0.8907 and the 200 DMA is 0.9228. RSI (14) reads 58.03. Supports are ascending from 0.8873, 0.8907, 0.8928, 0.8939. Spot is 0.9014 while resistances are 0.9031, 0.9068, 0.9087 and 0.9125.
Meanwhile, strategists as Td Securities noted that RBA Assistant Governor Kent gave a speech on the AUD and Mining Boom. “The key quote “lower levels of the exchange rate will assist in achieving balanced growth in the economy’ dampened the AUD a little, was $US0.8993, dipped to $US0.8966, but rebounded just as quickly. Mild jawboning had no real impact and in fact is higher than opening levels”.
AUD/USD Levels
The 20 DMA is 0.8850, the 50 DMA is 0.8907 and the 200 DMA is 0.9228. RSI (14) reads 58.03. Supports are ascending from 0.8873, 0.8907, 0.8928, 0.8939. Spot is 0.9014 while resistances are 0.9031, 0.9068, 0.9087 and 0.9125.