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4 Oct 2013
AUD/USD consolidated, up 0.40% on the day
FXstreet.com (London) - AUD/USD has settled at the end of the week over a big figure higher.
Research teams at BBH said that today that the AUD has been the strongest performer against the greenback. “It is also the strongest currency over the past five sessions, up about 1.4%. It has been buoyed again by ideas that the central bank's easing cycle is over and new forecasts of higher iron ore prices. There are still some observers who expect another cut from the RBA, but have pushed it into next year. Several local banks have also raised their forecasts for the Australian dollar. It appears poised to retest last month's high near $0.9530”.
AUD/USD Levels
The 20 DMA is 0.9359, the 50 DMA is 0.9173 and the 200 DMA is 0.9811. RSI (14) reads 53.24. Supports are ascending from 0.9280, 0.9329, 0.9367 and 0.9389. Spot 0.9429. Resistances are 0.9459, 0.9530, 0.9581 and 0.9641.
Research teams at BBH said that today that the AUD has been the strongest performer against the greenback. “It is also the strongest currency over the past five sessions, up about 1.4%. It has been buoyed again by ideas that the central bank's easing cycle is over and new forecasts of higher iron ore prices. There are still some observers who expect another cut from the RBA, but have pushed it into next year. Several local banks have also raised their forecasts for the Australian dollar. It appears poised to retest last month's high near $0.9530”.
AUD/USD Levels
The 20 DMA is 0.9359, the 50 DMA is 0.9173 and the 200 DMA is 0.9811. RSI (14) reads 53.24. Supports are ascending from 0.9280, 0.9329, 0.9367 and 0.9389. Spot 0.9429. Resistances are 0.9459, 0.9530, 0.9581 and 0.9641.