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30 Sep 2013
AUD/USD supply stalling at key 0.9320
FXstreet.com (London) - AUD/USD has dropped from the highs of 0.9358 throughout today’s sessions after climbing on the open from a low of 0.9281.
The AUD is holding up relatively well considering the risk-averse backdrop and the focus on the RBA board meeting tomorrow, said research teams at TD Securities. “We think the RBA will leave the cash rate unchanged at 2.5% this week but the underlying policy bias will revert to dovish”. From the US and negative for the dollar, Research teams at Rabobank explain, if the House of Representatives and the Senate fail to agree on a continuing resolution by midnight, the government will have to shut down partially tomorrow.
AUD/USD Levels
The 20 DMA is 0.9306, the 50 DMA is 0.9161 and the 200 DMA is 0.9830. RSI (14) reads 49.58. Supports are ascending from 0.9211, 0.9223, 0.9271, 0.9285 and 0.9298. Spot is currently 0.9320 while resistances are 0.9403, 0.9420 and 0.9459.
The AUD is holding up relatively well considering the risk-averse backdrop and the focus on the RBA board meeting tomorrow, said research teams at TD Securities. “We think the RBA will leave the cash rate unchanged at 2.5% this week but the underlying policy bias will revert to dovish”. From the US and negative for the dollar, Research teams at Rabobank explain, if the House of Representatives and the Senate fail to agree on a continuing resolution by midnight, the government will have to shut down partially tomorrow.
AUD/USD Levels
The 20 DMA is 0.9306, the 50 DMA is 0.9161 and the 200 DMA is 0.9830. RSI (14) reads 49.58. Supports are ascending from 0.9211, 0.9223, 0.9271, 0.9285 and 0.9298. Spot is currently 0.9320 while resistances are 0.9403, 0.9420 and 0.9459.