9 Jul 2013
AUD/USD capped below 0.9150 ahead of China CPI
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last quoted at 0.9136, off late NY session and weekly highs at 0.9145, ahead of Australian NAB business confidence and Chinese CPI data both at 01:30 GMT.
AUD/USD potential base
According to FXWW founder Sean Lee, “the recent bear trend has been impressive in its ability to defend resistance levels and until this changes, bottom-pickers will need to be careful with position sizes and keep stop-loss orders fairly tight. The 4-hour chart is showing some very clear support levels at .9035/40 and resistance levels at .9180 and .9250, and these are the main levels to watch today."
AUD/USD key technical levels
Immediate resistance to the upside for AUD/USD shows at mentioned NY session/weekly highs 0.9145, followed by Thursday's/Friday's highs at 0.9180/5, and July 03 highs/June 25 lows at 0.9191/95. To the downside, closest support lies at June 28 lows 0.9113, followed by June 30 lows at 0.9107, and Thursday's lows at 0.9072.
AUD/USD potential base
According to FXWW founder Sean Lee, “the recent bear trend has been impressive in its ability to defend resistance levels and until this changes, bottom-pickers will need to be careful with position sizes and keep stop-loss orders fairly tight. The 4-hour chart is showing some very clear support levels at .9035/40 and resistance levels at .9180 and .9250, and these are the main levels to watch today."
AUD/USD key technical levels
Immediate resistance to the upside for AUD/USD shows at mentioned NY session/weekly highs 0.9145, followed by Thursday's/Friday's highs at 0.9180/5, and July 03 highs/June 25 lows at 0.9191/95. To the downside, closest support lies at June 28 lows 0.9113, followed by June 30 lows at 0.9107, and Thursday's lows at 0.9072.