FXstreet.com (London) – AUD/USD is finishing up in the 0.91 handle at the end of a week that has seen the pair climb over a big figure.
Strategists at TD Securities said, “Looking at the charts AUD/USD has some room to rebound toward 0.9200, but the broader fundamental and technical signals still suggest the trend in the coming weeks will still be lower, and we still expect to see sub-0.90 levels”.
The 20 DMA is 0.9327, the 50 DMA is 0.9420 and the 200 DMA is 0.9616. RSI (14) reads 55.55. Supports are ascending from 0.8924, 0.8958, 0.8973, …read more