26 Sep 2013
AUD/USD failing at 0.9400; 0.9285 now exposed?
FXstreet.com (London) - The AUD/USD has failed at the 0.9400 handle and dropped sharply to 0.9340 the low. The move is a further attempt to the downside targeting the September low through 0.9300.
From Australia, Job vacancies for Q3 rose 3.1% after –7.3% in Q2. “Markets here tend to focus on the monthly ANZ and skilled vacancy series, not this one”, explained research teams at TD Securities. “The Q2 financial accounts confirmed a small net inflow of bond purchases from offshore investors, although as a share of bonds outstanding, offshore investors now only hold 68.6%”. From the calendar for the US GDP came in slightly lower than anticipated by markets, at 2.5% vs 2.6% while initial jobless claims improved in terms of the consensus at 305K against 325K expected.
AUD/USD Levels
The 20 DMA is 0.9269, the 50 DMA is 0.9157 and the 200 DMA is 0.9841. RSI (14) reads 38.55. Supports are ascending from 0.9223, 0.9271, 0.9285 and 0.9330. Spot is currently 0.9352 while resistances are 0.9394, 0.9459, 0.9503 and 0.9530.
From Australia, Job vacancies for Q3 rose 3.1% after –7.3% in Q2. “Markets here tend to focus on the monthly ANZ and skilled vacancy series, not this one”, explained research teams at TD Securities. “The Q2 financial accounts confirmed a small net inflow of bond purchases from offshore investors, although as a share of bonds outstanding, offshore investors now only hold 68.6%”. From the calendar for the US GDP came in slightly lower than anticipated by markets, at 2.5% vs 2.6% while initial jobless claims improved in terms of the consensus at 305K against 325K expected.
AUD/USD Levels
The 20 DMA is 0.9269, the 50 DMA is 0.9157 and the 200 DMA is 0.9841. RSI (14) reads 38.55. Supports are ascending from 0.9223, 0.9271, 0.9285 and 0.9330. Spot is currently 0.9352 while resistances are 0.9394, 0.9459, 0.9503 and 0.9530.