21 Nov 2013
AUD/USD extending losses; A big mover
FXstreet.com (London) - There has been some price action from Asia and another big mover was the AUD.
AUD/USD sold off by 0.7% to 0.9267 and also drove NZD lower. Marcin Budkiewicz , Strategist, Rates and FX Research at TD Securities said, ‘Part of this was driven by RBA Governor Stevens, who mulled FX intervention, saying that “our position has long been, and remains, that foreign exchange intervention can, judiciously used in the right circumstances, be effective and useful.”” AUD/USD has extended losses throughout the European session and into North American data releases. US Initial Jobless Claims improved from 323k vs the 335k consensus. PPI came in line at 0.3% while PPI ex food and energy year on year was up slightly vs consensus at 1.4% vs 1.3%.
AUD/USD Levels
The 20 DMA is 0.9443, the 50 DMA is 0.9445 and the 200 DMA is 0.9651. RSI (14) reads 23.49. Supports are ascending from 0.9196 and 0.9234. Spot is currently 0.9254 and resistances are 0.9282, 0.9301, 0.9378, 0.9418, 0.9448, 0.9482
AUD/USD sold off by 0.7% to 0.9267 and also drove NZD lower. Marcin Budkiewicz , Strategist, Rates and FX Research at TD Securities said, ‘Part of this was driven by RBA Governor Stevens, who mulled FX intervention, saying that “our position has long been, and remains, that foreign exchange intervention can, judiciously used in the right circumstances, be effective and useful.”” AUD/USD has extended losses throughout the European session and into North American data releases. US Initial Jobless Claims improved from 323k vs the 335k consensus. PPI came in line at 0.3% while PPI ex food and energy year on year was up slightly vs consensus at 1.4% vs 1.3%.
AUD/USD Levels
The 20 DMA is 0.9443, the 50 DMA is 0.9445 and the 200 DMA is 0.9651. RSI (14) reads 23.49. Supports are ascending from 0.9196 and 0.9234. Spot is currently 0.9254 and resistances are 0.9282, 0.9301, 0.9378, 0.9418, 0.9448, 0.9482