9 Jul 2014
AUD/USD is not ready to settle above 0.9400
FXStreet (Moscow) - AUD/USD tried to break above 0.9400 resistance and reached 0.9415 in Asia, but the movement proved to me unsustainable and the pair dipped to 0.9394.
Still no luck for Aussie bulls
On a longer-term scale the Aussie has been oscillating in a broad range since early April. A failed attempt to break the upper boarder at 0.9420/40 signals that AUD/USD might return to the lower side of the range around 0.9240. Though they have a long way to go and weaker than expected Australian labour market data to overcome technical hurdles crowded ahead. Meanwhile, on the intraday basis, the cross may pe pressured to the downside ahead of FOMC minutes, with the first line of support seen at 0.9350 and followed by medium demand at 0.9320.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9393, with support below at 0.9349, 0.9325 and 0.9311, with resistance above at 0.9387, 0.9401 and 0.9425. Hourly Moving Averages are mixed with the 200SMA at 0.9405 and the daily 20EMA at 0.9388. Hourly RSI is bearish at 47
Still no luck for Aussie bulls
On a longer-term scale the Aussie has been oscillating in a broad range since early April. A failed attempt to break the upper boarder at 0.9420/40 signals that AUD/USD might return to the lower side of the range around 0.9240. Though they have a long way to go and weaker than expected Australian labour market data to overcome technical hurdles crowded ahead. Meanwhile, on the intraday basis, the cross may pe pressured to the downside ahead of FOMC minutes, with the first line of support seen at 0.9350 and followed by medium demand at 0.9320.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9393, with support below at 0.9349, 0.9325 and 0.9311, with resistance above at 0.9387, 0.9401 and 0.9425. Hourly Moving Averages are mixed with the 200SMA at 0.9405 and the daily 20EMA at 0.9388. Hourly RSI is bearish at 47