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Old 21-10-2013, 15:42
farid farid is offline
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Default Re: OctaFX.Com - Financial News and Analysis







AUD/USD in wait and see mode at trend line resistance?



FXstreet.com (London)
- AUD/USD is attempting the 0.9680 resistances again at the top of the recent bull-run from last weeks 0.9460/80 range.

AUD/USD is rested higher at these levels within a range ahead of tomorrows NFP’s. Research teams at TD Securities said, “The delayed September report is out tomorrow and we look for a 182k gain in payrolls (market +180k), from +169k in August…The USD will remain sensitive to the relative strength/weakness of the data, even though the Fed remains sidelined for the next few months”. Then, they suggested all eyes will be on the Q3 CPI report in Wednesday where they expect a deceleration in the key underlying measure from 2.4%/yr to 2.1%/yr (mkt 2.2%), or a quarterly average print of +0.5%/qtr. “Some estimates are rather lofty, so if we’re wrong, expect the AUD to explode to the topside from here”.

AUD/USD Levels

The 20 DMA is 0.9455, the 50 DMA is 0.9280 and the 200 DMA is 0.9757. RSI (14) reads 56.52. Supports are ascending from 0.9548, 0.9564, 0.9604, 0.9625 and 0.9649. Spot is currently 0.9671 while resistances are 0.9680, 0.9700, 0.9716 and 0.9765.





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