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12 Aug 2013
AUD/USD finding support through Friday’s highs.
FXstreet.com (Barcelona) - AUD/USD is being supported where it took off from Fri/Mon cross over sessions.
The pair is however printing -0.26% down since the Asian open and printing a low of 0.9135, on the bid in London markets. There is very little in focus this week as far as data for the Aussie dollar, although there is plenty for traders to get their teeth stuck into while the US takes the stage later on in the week, starting out with Retail Sales tomorrow, CPI on Thursday and Initial Jobless Claims. Then finally we have the Michigan Sentiment on Friday to end the week off.
AUD/USD toppy at 55 dma
AUD/USD is defying gravity for the time being, going against the broader based bearish trend, toying with the 55 day ma territory. The 20 dma reads 0.9127, 55 dma is at 0.9276 and 200 dma is 1.0050. RSI (9) Reads 58.65. Supports are ascending from 0.8972, 0.9006, 0.9044 and 0.9080. Spot is currently 0.9196 while resistances are 0.9258, 0.9296, 0.9320 and 0.9325
The pair is however printing -0.26% down since the Asian open and printing a low of 0.9135, on the bid in London markets. There is very little in focus this week as far as data for the Aussie dollar, although there is plenty for traders to get their teeth stuck into while the US takes the stage later on in the week, starting out with Retail Sales tomorrow, CPI on Thursday and Initial Jobless Claims. Then finally we have the Michigan Sentiment on Friday to end the week off.
AUD/USD toppy at 55 dma
AUD/USD is defying gravity for the time being, going against the broader based bearish trend, toying with the 55 day ma territory. The 20 dma reads 0.9127, 55 dma is at 0.9276 and 200 dma is 1.0050. RSI (9) Reads 58.65. Supports are ascending from 0.8972, 0.9006, 0.9044 and 0.9080. Spot is currently 0.9196 while resistances are 0.9258, 0.9296, 0.9320 and 0.9325