7 Feb 2014
AUD/USD is off the intraday lows, but bearish sentiments are still dominant
FXStreet (Moscow) - AUD/USD started the session at 0.8962 and dropped to intraday lows of 0.8929 amid the position adjustment before key macro economic publications scheduled later today.
AUDUSD is in the corrective mode after strong growth during the week
Actually, both fundamental and technical pictures are brightened. There is a good chance that the «piercing pattern» that appeared on the weekly charts last week will be confirmed. This would add bullish notes to the longer term AUDUSD sentiments. The RBA quarterly monetary policy statement published early in the morning reduced the chances of lower rates in Australia, but the Aussie ignored the news as the market switched to the NFP waiting mode. The key levels for the AUDUSD today are 0.9000 on the upside and 0.8900 on the downside. The pair may be influenced by general US Dollar movements inspired by the Non-farm payroll report.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8950, with support below at 0.8917, 0.8875 and 0.8842, with resistance above at 0.8992, 0.9025 and 0.9067. Hourly Moving Averages are mixed, with the 200SMA at 0.8823 and the daily 20EMA at 0.8849. Hourly RSI is neutral at 43.
AUDUSD is in the corrective mode after strong growth during the week
Actually, both fundamental and technical pictures are brightened. There is a good chance that the «piercing pattern» that appeared on the weekly charts last week will be confirmed. This would add bullish notes to the longer term AUDUSD sentiments. The RBA quarterly monetary policy statement published early in the morning reduced the chances of lower rates in Australia, but the Aussie ignored the news as the market switched to the NFP waiting mode. The key levels for the AUDUSD today are 0.9000 on the upside and 0.8900 on the downside. The pair may be influenced by general US Dollar movements inspired by the Non-farm payroll report.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8950, with support below at 0.8917, 0.8875 and 0.8842, with resistance above at 0.8992, 0.9025 and 0.9067. Hourly Moving Averages are mixed, with the 200SMA at 0.8823 and the daily 20EMA at 0.8849. Hourly RSI is neutral at 43.