28 Jul 2014
AUD/USD is rangebound with bearish undertone
FXStreet (Moscow) - AUD/USD started the day at 0.9395, but moved lower to 0.9389 during quiet Asian hours.
Rangy
Aussie finished week almost unchanged ant the upper side of 0.93 range and thus confirmed its middle term consolidation status. Indecision is the word until Aussie bulls get the pair above 0.9500, to otherwise bears push it below 0.9330/00. From the fundamental point of view, we have slow start before a event-packed week. Keep an eye at US Home pending sales. It may give us more clues about housing market in the USA, but it will hardy produce great effect on AUD/USD. The upside is likely to be limited by 0.9400/20 while the downside will be capped by 0.9350.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9404, with support below at 0.9382, 0.9369 and 0.9347, with resistance above at 0.9417, 0.9439 and 0.9452. Hourly Moving Averages are neutral with the 200SMA flat at 0.9393 and the daily 20EMA flat at 0.9395. Hourly RSI is bearish at 36.
Rangy
Aussie finished week almost unchanged ant the upper side of 0.93 range and thus confirmed its middle term consolidation status. Indecision is the word until Aussie bulls get the pair above 0.9500, to otherwise bears push it below 0.9330/00. From the fundamental point of view, we have slow start before a event-packed week. Keep an eye at US Home pending sales. It may give us more clues about housing market in the USA, but it will hardy produce great effect on AUD/USD. The upside is likely to be limited by 0.9400/20 while the downside will be capped by 0.9350.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9404, with support below at 0.9382, 0.9369 and 0.9347, with resistance above at 0.9417, 0.9439 and 0.9452. Hourly Moving Averages are neutral with the 200SMA flat at 0.9393 and the daily 20EMA flat at 0.9395. Hourly RSI is bearish at 36.