19 Jun 2014
AUD/USD pressing lower
FXStreet (Guatemala) - AUD/USD is trading at 0.9402, down -0.06% on the day, having posted a daily high at 0.9434 and low at 0.9393.
AUD/USD is pressing lower on the 0.94 handle and the Market Strategy Team at UOB Group explained that despite the strong overnight rally, they still maintain the view that AUD is in a neutral range. “However, a clear break above 0.9420 would indicate a move towards 0.9440 followed by the high seen earlier this year at 0.9460. Strong short-term support is at 0.9320 now."
AUD/USD Levels
Current price is 0.9403, with resistance ahead at 0.9409 (Daily Open), 0.9414 (Yesterday's High), 0.9428 (Monthly High), (Weekly High) and 0.9428 (YTD High). Next support to the downside can be found at 0.9402 (Hourly 20 EMA), 0.9393 (Daily Low), 0.9391 (Weekly Classic PP), 0.9381 (Daily Classic PP) and 0.9379 (Hourly 200 SMA).
AUD/USD is pressing lower on the 0.94 handle and the Market Strategy Team at UOB Group explained that despite the strong overnight rally, they still maintain the view that AUD is in a neutral range. “However, a clear break above 0.9420 would indicate a move towards 0.9440 followed by the high seen earlier this year at 0.9460. Strong short-term support is at 0.9320 now."
AUD/USD Levels
Current price is 0.9403, with resistance ahead at 0.9409 (Daily Open), 0.9414 (Yesterday's High), 0.9428 (Monthly High), (Weekly High) and 0.9428 (YTD High). Next support to the downside can be found at 0.9402 (Hourly 20 EMA), 0.9393 (Daily Low), 0.9391 (Weekly Classic PP), 0.9381 (Daily Classic PP) and 0.9379 (Hourly 200 SMA).