2 Jun 2014
AUD/USD losing 0.93 handle
FXStreet (Guatemala) - Currently, AUD/USD is trading at 0.9289, down -0.23% on the day, having posted a daily high at 0.9315 and low at 0.9284.
AUD/USD has dropped to test the downside and levels through key 0.9270 area on the release of very poor Building Permits data, losing the 0.93 handle and moving against the upward momentum.
AUD/USD Levels
Spot is presently trading at 0.9289, and next resistance can be seen at 0.9304 (Hourly 20 EMA), 0.9309 (Daily Classic PP), 0.9310 (Daily Open and Weekly High). Next support to the downside can be found at 0.9288 (Daily Classic S1), 0.9288 (Yesterday's Low), 0.9284 (Weekly Classic PP), 0.9284 (Daily Low) and 0.9270 (Hourly 100 SMA).
AUD/USD chart formations
Regarding candlestick formations, we can see Doji formation on the 4-hour.
AUD/USD has dropped to test the downside and levels through key 0.9270 area on the release of very poor Building Permits data, losing the 0.93 handle and moving against the upward momentum.
AUD/USD Levels
Spot is presently trading at 0.9289, and next resistance can be seen at 0.9304 (Hourly 20 EMA), 0.9309 (Daily Classic PP), 0.9310 (Daily Open and Weekly High). Next support to the downside can be found at 0.9288 (Daily Classic S1), 0.9288 (Yesterday's Low), 0.9284 (Weekly Classic PP), 0.9284 (Daily Low) and 0.9270 (Hourly 100 SMA).
AUD/USD chart formations
Regarding candlestick formations, we can see Doji formation on the 4-hour.