10 Oct 2013
AUD/USD is buoyant despite soft jobs
FXstreet.com (London) - AUD/USD has regained territory back above the 1.9420 supporting zone currently trading at a spot reference of 0.9434 with a high on the session at 0.9474 and low 0.9389.
Research teams at TD Securities said, “The AUD traded heavily in the wake of a soft Australian employment report, but has since recovered most loses in line with the overarching consolidative tone to the FX space this morning. The wave of optimism on the currency since early September also continues to threaten the sizeable speculative short position, although the short term direction for AUD/USD should be more focused on US developments in the near term”.
AUD/USD Levels
The 20 DMA is 0.9390, the 50 DMA is 0.9205 and the 200 DMA is 0.9791. RSI (14) reads 50.04. Supports are ascending from 0.9280, 0.9334, 0.9367 and 0.9399. Spot is currently 0.9434 while resistances are 0.9485, 0.9503, 0.9530 and 0.9581.
Research teams at TD Securities said, “The AUD traded heavily in the wake of a soft Australian employment report, but has since recovered most loses in line with the overarching consolidative tone to the FX space this morning. The wave of optimism on the currency since early September also continues to threaten the sizeable speculative short position, although the short term direction for AUD/USD should be more focused on US developments in the near term”.
AUD/USD Levels
The 20 DMA is 0.9390, the 50 DMA is 0.9205 and the 200 DMA is 0.9791. RSI (14) reads 50.04. Supports are ascending from 0.9280, 0.9334, 0.9367 and 0.9399. Spot is currently 0.9434 while resistances are 0.9485, 0.9503, 0.9530 and 0.9581.