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27 Sep 2013
AUD/USD collecting bids after heavy supply
FXstreet.com (London) - AUD/USD slid from above 0.9360 to crack the 0.9300 handle which created demand back into 0.9320 territory.
Research teams at TD Securities noted that the final budget outcome for fiscal year 2012/13 was a deficit of -$A18.8b, or –1.2% of GDP, over $A500m or so better than the pre-election budget update. “The new Coalition government under Tony Abbott is expected to reveal a mid-year update later this year, officially costing his election promises”. Meanwhile, from the calendar for the US, the Michigan Consumer Sentiment arrived at 77.5 against a consensus of 78.0. Personal Income arrived in line with consensus at 0.4% and PCE numbers were all in all in line as well.
AUD/USD Levels
The 20 DMA is 0.9292, the 50 DMA is 0.9161 and the 200 DMA is 0.9836. RSI (14) reads 36.42. Supports are ascending from 0.9223, 0.9271 and 0.9285. Spot is currently 0.9330 while resistances are 0.9347, 0.9420, 0.9459, 0.9468 and 0.9503.
Research teams at TD Securities noted that the final budget outcome for fiscal year 2012/13 was a deficit of -$A18.8b, or –1.2% of GDP, over $A500m or so better than the pre-election budget update. “The new Coalition government under Tony Abbott is expected to reveal a mid-year update later this year, officially costing his election promises”. Meanwhile, from the calendar for the US, the Michigan Consumer Sentiment arrived at 77.5 against a consensus of 78.0. Personal Income arrived in line with consensus at 0.4% and PCE numbers were all in all in line as well.
AUD/USD Levels
The 20 DMA is 0.9292, the 50 DMA is 0.9161 and the 200 DMA is 0.9836. RSI (14) reads 36.42. Supports are ascending from 0.9223, 0.9271 and 0.9285. Spot is currently 0.9330 while resistances are 0.9347, 0.9420, 0.9459, 0.9468 and 0.9503.