15 Jan 2014
AUD/USD recovering on an ascending support line
FXstreet.com (Guatemala) - AUD/USD is recovering the ground lost on EUR/AUD demand earlier to 0.8890, with some choppy price action, the pair reached 0.8930.
AUD/USD is currently on the offer and heading towards 0.8905. The bulls will be hoping for demand to hold the ascending supporting trendline which may contain pair. AUD/USD will be in focus tonight when Asia comes in with the Unemployment Rate and employment Change data after the US delivers the Beige Book. The release of Australia’s Dec labour data will provide further information of how the economy was faring into the end of 2013.
AUD/USD Levels
The 20 DMA is 0.8923, the 50 DMA is 0.9083 and the 200 DMA is 0.9388. RSI (14) reads 44.99. Supports are ascending from 0.8770, 0.8820, 0.8834, 0.8864. Spot is 0.8906 while resistances are 0.8956, 0.8971, 0.9009 and 0.9045.
AUD/USD is currently on the offer and heading towards 0.8905. The bulls will be hoping for demand to hold the ascending supporting trendline which may contain pair. AUD/USD will be in focus tonight when Asia comes in with the Unemployment Rate and employment Change data after the US delivers the Beige Book. The release of Australia’s Dec labour data will provide further information of how the economy was faring into the end of 2013.
AUD/USD Levels
The 20 DMA is 0.8923, the 50 DMA is 0.9083 and the 200 DMA is 0.9388. RSI (14) reads 44.99. Supports are ascending from 0.8770, 0.8820, 0.8834, 0.8864. Spot is 0.8906 while resistances are 0.8956, 0.8971, 0.9009 and 0.9045.