14 Apr 2014
AUD/USD is climbing back to the resistance zone of 0.9385/00
FXStreet (Moscow) - The time for AUD/USD has been trading in 0.9376-0.9409 range in Asia.
Time to gather stones and to lock profits
AUD/USD had the fourth positive weekly close in a row. The pair touched the November highs at 0.9461, but retraced below 0.9400 into the end of the week. Marco calendar is rather quiet in Australia this week (the key event is probably RBA April meeting minutes published on Tuesday). Strategically, it’s a good time for correction after a long run upwards, as investors might prefer to lock their profits during the slack period. On the intraday basis the downside may be limited by 0.9345, while the upside will be capped by 0.9461.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9395, with support below at 0.9362, 0.9328 and 0.9295, with resistance above at 0.9449, 0.9462 and 0.9496. Hourly Moving Averages are mostly neutral, with the 200SMA at 0.9310 and the daily 20EMA is bullish at 0.9244. Hourly RSI is bearish at 49.
Time to gather stones and to lock profits
AUD/USD had the fourth positive weekly close in a row. The pair touched the November highs at 0.9461, but retraced below 0.9400 into the end of the week. Marco calendar is rather quiet in Australia this week (the key event is probably RBA April meeting minutes published on Tuesday). Strategically, it’s a good time for correction after a long run upwards, as investors might prefer to lock their profits during the slack period. On the intraday basis the downside may be limited by 0.9345, while the upside will be capped by 0.9461.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9395, with support below at 0.9362, 0.9328 and 0.9295, with resistance above at 0.9449, 0.9462 and 0.9496. Hourly Moving Averages are mostly neutral, with the 200SMA at 0.9310 and the daily 20EMA is bullish at 0.9244. Hourly RSI is bearish at 49.