24 Jun 2014
AUD/USD easing up and over to Asia - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the AUD/USD eased some in the American session after reaching a fresh monthly high of 0.9445.
Key Quotes:
“The hourly chart is showing price now below a bullish 20 SMA and indicators turning flat right below their midlines, having erased all of early overbought readings”.
“In the 4 hours chart however, price holds well above a bullish 20 SMA while indicators approach their midlines from above, still not confirming a bearish continuation”.
“The upside remains favored, yet a break above this year high of 0.9460 is required now to confirm a new leg up, looking for a quick test of the 0.9500 figure”.
Key Quotes:
“The hourly chart is showing price now below a bullish 20 SMA and indicators turning flat right below their midlines, having erased all of early overbought readings”.
“In the 4 hours chart however, price holds well above a bullish 20 SMA while indicators approach their midlines from above, still not confirming a bearish continuation”.
“The upside remains favored, yet a break above this year high of 0.9460 is required now to confirm a new leg up, looking for a quick test of the 0.9500 figure”.