18 Feb 2014
AUD/USD spikes to a high of 0.9073
FXStreet (Guatemala) - AUD/USD was falling pre the release of the RBA minutes but spiked higher through resistance and the days range on the release to a high of 0.9073 bringing in some action to an otherwise quieter market place.
With the US out today with President’s day, AUD/USD had been sitting between 0.9023 to 0.9058 through NY and into Asia, scoring a high of 0.9045 pre RBA minutes. Markets were not expecting any surprises due to the details being revealed in their "Statement of monetary Policy" . The action came in the Central Bank reaffirming its commitment to maintain rates stable for now.
AUD/USD Levels
The 20 DMA is 0.8863, the 50 DMA is 0.8905 and the 200 DMA is 0.9223. RSI (14) reads 53.25. Supports are ascending from 0.8928, 0.8949, 0.8956, 0.8985. Spot is 0.9050 while resistances are 0.9087, 0.9125, 0.9169 and 0.9204.
With the US out today with President’s day, AUD/USD had been sitting between 0.9023 to 0.9058 through NY and into Asia, scoring a high of 0.9045 pre RBA minutes. Markets were not expecting any surprises due to the details being revealed in their "Statement of monetary Policy" . The action came in the Central Bank reaffirming its commitment to maintain rates stable for now.
AUD/USD Levels
The 20 DMA is 0.8863, the 50 DMA is 0.8905 and the 200 DMA is 0.9223. RSI (14) reads 53.25. Supports are ascending from 0.8928, 0.8949, 0.8956, 0.8985. Spot is 0.9050 while resistances are 0.9087, 0.9125, 0.9169 and 0.9204.