25 Jun 2014
AUD/USD contained by 20-day SMA
FXStreet (Córdoba) - The AUD/USD found support at the 0.9350 area and managed to stabilize in a range over the Asian session, after pulling back sharply from 2 ½-month highs scored Monday.
The AUD/USD came under pressure Tuesday and erased previous day’s gains, weighed by the fall in stocks, giving up almost 100 pips throughout the day. The Aussie finally found support at the 20-day SMA at 0.9353 and settled in a tight range, where it has spent the last hours. At time of writing, the AUD/USD is trading at 0.9365, virtually unchanged on the day.
AUD/USD technical levels
As for technical levels, the AUD/USD could find next supports at 0.9353 (20-day SMA/Jun 25 low), 0.9321 (Jun 18 low/50-day SMA) and 0.9300 (psychological level). On the flip side, resistances are seen at 0.9369 (10-day SMA), 0.9400 (psychological level) and 0.9430 (Jun 24 high).
The AUD/USD came under pressure Tuesday and erased previous day’s gains, weighed by the fall in stocks, giving up almost 100 pips throughout the day. The Aussie finally found support at the 20-day SMA at 0.9353 and settled in a tight range, where it has spent the last hours. At time of writing, the AUD/USD is trading at 0.9365, virtually unchanged on the day.
AUD/USD technical levels
As for technical levels, the AUD/USD could find next supports at 0.9353 (20-day SMA/Jun 25 low), 0.9321 (Jun 18 low/50-day SMA) and 0.9300 (psychological level). On the flip side, resistances are seen at 0.9369 (10-day SMA), 0.9400 (psychological level) and 0.9430 (Jun 24 high).