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20 Mar 2014
AUD/USD flat 0.9020/30 post US dollar rally
FXStreet (Guatemala) - AUD/USD is trading without any further incentive from the calendar post the FOMC which tool the pair very quickly from 0.9120 to 0.9021 overnight.
The FOMC outcome printed a more hawkish tone for market makers and traders to position upon and a broad based dollar rally was encountered across the screens in North American markets. Karen Jones, chief analyst at Commerzbank explained that dips lower will find good initial support offered by the 20 day ma at 0.9014 and again at 0.8891, the 3rd March low and we suspect we will need prices below here to bring back any real selling interest.
AUD/USD Levels
The 20 DMA is 0.9009, the 50 DMA is 0.8936 and the 200 DMA is 0.9149. RSI (14) reads 27.37. Supports are ascending from 0.8991 and 0.9014. Spot is 0.9030 while resistances are 0.9100, 0.9141, 0.9169, 0.9204 and 0.9260.
The FOMC outcome printed a more hawkish tone for market makers and traders to position upon and a broad based dollar rally was encountered across the screens in North American markets. Karen Jones, chief analyst at Commerzbank explained that dips lower will find good initial support offered by the 20 day ma at 0.9014 and again at 0.8891, the 3rd March low and we suspect we will need prices below here to bring back any real selling interest.
AUD/USD Levels
The 20 DMA is 0.9009, the 50 DMA is 0.8936 and the 200 DMA is 0.9149. RSI (14) reads 27.37. Supports are ascending from 0.8991 and 0.9014. Spot is 0.9030 while resistances are 0.9100, 0.9141, 0.9169, 0.9204 and 0.9260.