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17 Apr 2014
AUD/USD bears woke up and pushed the pair to lows of 0.9352
FXStreet (Moscow) - The time for AUD/USD dropped to current lows of 0.9352 before retracing to current levels of 0.9358
Aussie cannot decide where to go
AUD/USD tried to claw some lost ground on Wednesday, but the achievements were not spectacular. The pair finished the day only 18 pips higher despite general USD weakness caused by Yellen comments about «continued support for the economy». Aussie oscillates in a broad range and there are no fresh sighs that it is ready to break free. Australian data on motor vehicle sales and business confidence indicator came out lower than expected, though the Aussie was not much impressed. From the technical point of view 0.9388 resistance is important as it will open up the way to 0.9400. The support is seen at 0.9320.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9364, with support below at 0.9337, 0.9305 and 0.9278, with resistance above at 0.9396, 0.9423 and 0.9455. Hourly Moving Averages are mixed, with the 200SMA at 0.9362 and the daily 20EMA is bullish at 0.9280. Hourly RSI is bullish at 51.
Aussie cannot decide where to go
AUD/USD tried to claw some lost ground on Wednesday, but the achievements were not spectacular. The pair finished the day only 18 pips higher despite general USD weakness caused by Yellen comments about «continued support for the economy». Aussie oscillates in a broad range and there are no fresh sighs that it is ready to break free. Australian data on motor vehicle sales and business confidence indicator came out lower than expected, though the Aussie was not much impressed. From the technical point of view 0.9388 resistance is important as it will open up the way to 0.9400. The support is seen at 0.9320.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9364, with support below at 0.9337, 0.9305 and 0.9278, with resistance above at 0.9396, 0.9423 and 0.9455. Hourly Moving Averages are mixed, with the 200SMA at 0.9362 and the daily 20EMA is bullish at 0.9280. Hourly RSI is bullish at 51.