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16 Dec 2013
AUD/USD awaits FOMC
FXstreet.com (London) - AUD/USD has pretty much squeezed out all of the long positions built up over the last couple of months to finish up the year, December-December, 12 big figures lower. However, there is one last set of impetus left to go and that is the FOMC this week while the pair currently trade sideways along the 0.89 handle.
Emmanuel Ng, currency strategist at OCBC noted “The AUD/USD’s blip higher on the back of the better than expected November labor market numbers proved fleeting, especially after the remarks from the RBA’s Stevens during the NY session. With the 0.9300 floor punctured, the next discernible support is expected towards 0.8890”.
AUD/USD Levels
The 20 DMA is 0.9138, the 50 DMA is 0.9351 and the 2300 DMA is 0.9552. RSI (14) reads 31.31. Supports are ascending from 0.8830, 0.8848, 0.8891 and 0.8909. Spot is 0.8954 with resistances at 0.8989, 0.9011, 0.9055 and 0.9083.
Emmanuel Ng, currency strategist at OCBC noted “The AUD/USD’s blip higher on the back of the better than expected November labor market numbers proved fleeting, especially after the remarks from the RBA’s Stevens during the NY session. With the 0.9300 floor punctured, the next discernible support is expected towards 0.8890”.
AUD/USD Levels
The 20 DMA is 0.9138, the 50 DMA is 0.9351 and the 2300 DMA is 0.9552. RSI (14) reads 31.31. Supports are ascending from 0.8830, 0.8848, 0.8891 and 0.8909. Spot is 0.8954 with resistances at 0.8989, 0.9011, 0.9055 and 0.9083.