9 Apr 2014
AUD/USD stopped at 0.9370 after a head-spinning rise
FXStreet (Moscow) - AUD/USD reached new multi-month high at 0.9386 before retracing to current levels of 0.9370.
AUD/USD goes to stratosphere
While AUD/USD growth on Tuesday had a weak fundamental base, today the bulls got a pretty good excuse to push Aussie to new multi-month highs as Australia published positive house lending and investment loans data. Obviously, low rates and neutral stance of RBA on the back of somewhat rosy economic picture have spurred investors and consumers optimism. Aussie bulls have rejoiced. The next key report will be published on Thursday. It will reveal the condition of the labour market in Australia. On the intraday basis AUD/USD may consolidate gains close to current Asian high. New bullish attempts will be capped by by strong offers on approach to 0.9400 (this is an option barrier). This area is not going to give in easily. The closest support comes at intraday Asian low of 0.9335.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9330, with support below at 0.9291, 0.9222 and 0.9183, with resistance above at 0.9299, 0.9317 and 0.9407. Hourly Moving Averages are bullish, with the 200SMA at 0.9263 and the daily 20EMA is bullish at 0.9190. Hourly RSI is bullish at 71.
AUD/USD goes to stratosphere
While AUD/USD growth on Tuesday had a weak fundamental base, today the bulls got a pretty good excuse to push Aussie to new multi-month highs as Australia published positive house lending and investment loans data. Obviously, low rates and neutral stance of RBA on the back of somewhat rosy economic picture have spurred investors and consumers optimism. Aussie bulls have rejoiced. The next key report will be published on Thursday. It will reveal the condition of the labour market in Australia. On the intraday basis AUD/USD may consolidate gains close to current Asian high. New bullish attempts will be capped by by strong offers on approach to 0.9400 (this is an option barrier). This area is not going to give in easily. The closest support comes at intraday Asian low of 0.9335.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9330, with support below at 0.9291, 0.9222 and 0.9183, with resistance above at 0.9299, 0.9317 and 0.9407. Hourly Moving Averages are bullish, with the 200SMA at 0.9263 and the daily 20EMA is bullish at 0.9190. Hourly RSI is bullish at 71.