Back
19 Mar 2014
AUD/USD testing the downside on 0.91 handle
FXStreet (Guatemala) - AUD/USD has picked up some selling interest onto 0.9120 and beyond, testing the downside and areas of Mondays highs which currently acts as a level of support ahead of 0.9110.
Meanwhile, the AUD will be effected by news relating to China and yesterdays fix of the USD/CNY brings in speculation of models devaluing the Yuan. As Ivan Delgado, Head of Asian Editors at FXStreets wrote, “The decision has led to a weaker AUD/USD”.
AUD/USD Levels
The 20 DMA is 0.9004, the 50 DMA is 0.8932 and the 200 DMA is 0.9150. RSI (14) reads 57.13. Supports are ascending from 0.8980, 0.8990, 0.9004, 0.9050,
and 0.9080. Spot is 0.9112 while resistances 0.9147, 0.9169 and 0.9204.
Meanwhile, the AUD will be effected by news relating to China and yesterdays fix of the USD/CNY brings in speculation of models devaluing the Yuan. As Ivan Delgado, Head of Asian Editors at FXStreets wrote, “The decision has led to a weaker AUD/USD”.
AUD/USD Levels
The 20 DMA is 0.9004, the 50 DMA is 0.8932 and the 200 DMA is 0.9150. RSI (14) reads 57.13. Supports are ascending from 0.8980, 0.8990, 0.9004, 0.9050,
and 0.9080. Spot is 0.9112 while resistances 0.9147, 0.9169 and 0.9204.