25 Mar 2014
Aussie bulls are on the warpath above 0.9100
FXStreet (Moscow) - AUD/USD continues its upside quest as the pair set the current high at 0.9156 after opening at 0.9128
AUD is surprisingly resilient
AUD/USD finished Monday above the bespoke 0.9100 level. The Aussie bulls rejoice as the technical picture is brightened. Now we need to see the follow through today to confirm the upside breakout. AUD/USD started Tuesday on a positive note so there is a good chance that the upside will be the order of the day today. The Aussie is very strong despite China related concerns and escalating geopolitical tensions. Chinese PMI numbers showed that the largest Asian economy is on the backtrack, but the Australian currency demonstrated an outstanding resilience as investors are waiting for new stimulus from the Chinese government. On the intraday basis watch for 0.9150 resistance followed by 0.9170. On the downside the support comes at 0.9120 and followed by 0.9100.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9111, with support below at 0.9071, 0.9008 and 0.8968, with resistance above at 0.9174, 0.9214 and 0.9277. Hourly Moving Averages are bullish, with the 200SMA at 0.9068 and the daily 20EMA at 0.9035. Hourly RSI is neutral at 60.
AUD is surprisingly resilient
AUD/USD finished Monday above the bespoke 0.9100 level. The Aussie bulls rejoice as the technical picture is brightened. Now we need to see the follow through today to confirm the upside breakout. AUD/USD started Tuesday on a positive note so there is a good chance that the upside will be the order of the day today. The Aussie is very strong despite China related concerns and escalating geopolitical tensions. Chinese PMI numbers showed that the largest Asian economy is on the backtrack, but the Australian currency demonstrated an outstanding resilience as investors are waiting for new stimulus from the Chinese government. On the intraday basis watch for 0.9150 resistance followed by 0.9170. On the downside the support comes at 0.9120 and followed by 0.9100.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9111, with support below at 0.9071, 0.9008 and 0.8968, with resistance above at 0.9174, 0.9214 and 0.9277. Hourly Moving Averages are bullish, with the 200SMA at 0.9068 and the daily 20EMA at 0.9035. Hourly RSI is neutral at 60.