AUD/USD popping into 0.91 handle

FXstreet.com (London) – AUD/USD has moved in on the 0.91 handle but the pair is sluggish and not particularly convincing.

Kit Juckes, head of currency strategy at Societe Generale explained, “RBA verbal interventions, weaker Chinese data, Fed taper-talk – there are plenty of candidates to explain the move, but for a casual correlation, I find that AUD/USD looks as though it has been following US Treasury yields around – the higher they go, the weaker the AUD is”.

AUD/USD Levels

The 20 DMA is 0.9345, the 50 DMA is 0.9427 and the 200 DMA is 0.9622.RSI (14) reads 42.29. Supports are ascending …read more