7 Aug 2013
AUD/USD turning positive
FXstreet.com (Barcelona) - AUD/USD is half a point higher while the dollar has been broadly sold off across the board.
AUD/USD is follow suit amongst the majors while the UK took the focus today when Carney delivered the Inflation Report for the UK on a quarterly basis. Previously, the Aussie had been trading to the downside post the RBA’s rate cut. Other than these, there were overnight dada release from Australia in the form of Australian Home Loans that grew 2.7% during June and the Performance of Construction index moved 44.1 in July.
AUD/USD turning positive
AUD/USD has bounced meeting support 0.8920/30 zone. The 20 dma is 0.9119, the 50 dma is 0.9267 and the 200 dma is 1.0068. RSI (9) prints 40.97. The supports are ascending from 0.8830, 0.8846, 0.8883 and 0.8907. Spot is currently 0.8973 and resistances are 0.9015, 0.9047, 0.9076 and 0.9102.
AUD/USD is follow suit amongst the majors while the UK took the focus today when Carney delivered the Inflation Report for the UK on a quarterly basis. Previously, the Aussie had been trading to the downside post the RBA’s rate cut. Other than these, there were overnight dada release from Australia in the form of Australian Home Loans that grew 2.7% during June and the Performance of Construction index moved 44.1 in July.
AUD/USD turning positive
AUD/USD has bounced meeting support 0.8920/30 zone. The 20 dma is 0.9119, the 50 dma is 0.9267 and the 200 dma is 1.0068. RSI (9) prints 40.97. The supports are ascending from 0.8830, 0.8846, 0.8883 and 0.8907. Spot is currently 0.8973 and resistances are 0.9015, 0.9047, 0.9076 and 0.9102.