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20 Nov 2013
AUD/USD to revisit the upside?
FXstreet.com (London) - AUD/USD has been a rollercoaster, with a high of 0.9449 and a low of 0.9366 since the open overnight, the pair was mixed on China, Bernanke and top side levels.
AUD/USD was bid on both China and Bernanke but supply denied the pair each time attempts were made for 0.9450. The pair opened for Europe sub 0.9400 creating confusion for traders. Fed minutes are up a little later in the session and this might be an opportunity if the negative dollar theme continues on the Fed to be long of the pair again for a revisit on the upside.
AUD/USD Levels
The 20 DMA is 0.9458, the 50 DMA is 0.9445 and the 200 DMA is 0.9656. RSI (14) reads 38.41. Supports are ascending from 0.9282, 0.9305 and 0.9352. Spot is currently 0.9394 while resistances are 0.9422, 0.9448, 0.9482, 0.9509 and 0.9544.
AUD/USD was bid on both China and Bernanke but supply denied the pair each time attempts were made for 0.9450. The pair opened for Europe sub 0.9400 creating confusion for traders. Fed minutes are up a little later in the session and this might be an opportunity if the negative dollar theme continues on the Fed to be long of the pair again for a revisit on the upside.
AUD/USD Levels
The 20 DMA is 0.9458, the 50 DMA is 0.9445 and the 200 DMA is 0.9656. RSI (14) reads 38.41. Supports are ascending from 0.9282, 0.9305 and 0.9352. Spot is currently 0.9394 while resistances are 0.9422, 0.9448, 0.9482, 0.9509 and 0.9544.