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3 Oct 2013
The AUD/USD slides lower to support 0.9380
FXstreet.com (London) - AUD/USD is testing 0.9380 support with the pair moving sideways within a channel capped by the 0.9400 handle.
From the calendar, the US data isn’t supportive of an already weak dollar, with the Institute for Supply Management reporting its services index falling to 54.4 in September from 58.6 in August, missing the consensus figure of 57.4. Jobs from the US haven’t given much in the way of support to the dollar either with the Initial Jobless Claims coming in only slightly better at 308K vs 313k expected.
AUD/USD Levels
The 20 DMA is 0.9347, the 50 DMA is 0.9170 and the 200 DMA is 0.9816. RSI (14) reads 65.08. Supports are ascending from 0.9223, 0.9271, 0.9280 and 0.9323. Spot is currently 0.9375 while resistances are 0.9409, 0.9435, 0.9459 and 0.9468.
From the calendar, the US data isn’t supportive of an already weak dollar, with the Institute for Supply Management reporting its services index falling to 54.4 in September from 58.6 in August, missing the consensus figure of 57.4. Jobs from the US haven’t given much in the way of support to the dollar either with the Initial Jobless Claims coming in only slightly better at 308K vs 313k expected.
AUD/USD Levels
The 20 DMA is 0.9347, the 50 DMA is 0.9170 and the 200 DMA is 0.9816. RSI (14) reads 65.08. Supports are ascending from 0.9223, 0.9271, 0.9280 and 0.9323. Spot is currently 0.9375 while resistances are 0.9409, 0.9435, 0.9459 and 0.9468.