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9 Jan 2014
AUD/USD piercing the 0.89 handle
FXstreet.com (Guatemala) - AUD/USD is attempting the upside and moving out of the ascending channel resistance through 0.8900 the figure.
AUD/USD has otherwise been very subdued in Europe and NY, and had formed a 0.8870/95 ranged ascending channel. There was early EUR/AUD demand putting strain on the pair with the cross rallying 1.5305 - 1.5345 settling back to 1.5320 late morning but only to suffer Draghi resulting in a much lower cross benefitting AUD and the pair continues with a bullish bias.
AUD/USD Levels
The 20 DMA is 0.8914, the 50 DMA is 0.9122 and the 200 DMA is 0.9417. RSI (14) reads 60. Supports are 0.8737, 0.8770, 0.8820 and 0.8834. Spot is 0.8900 while resistances are 0.8953, 0.8983, 0.9005 and 0.9047.
AUD/USD has otherwise been very subdued in Europe and NY, and had formed a 0.8870/95 ranged ascending channel. There was early EUR/AUD demand putting strain on the pair with the cross rallying 1.5305 - 1.5345 settling back to 1.5320 late morning but only to suffer Draghi resulting in a much lower cross benefitting AUD and the pair continues with a bullish bias.
AUD/USD Levels
The 20 DMA is 0.8914, the 50 DMA is 0.9122 and the 200 DMA is 0.9417. RSI (14) reads 60. Supports are 0.8737, 0.8770, 0.8820 and 0.8834. Spot is 0.8900 while resistances are 0.8953, 0.8983, 0.9005 and 0.9047.