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FXStreet (Moscow) - AUD/USD climbed to 0.9360 after opening at 0.9347, but the upside dynamics is weak.
Calm down, poor Aussie
Aussie was badly beaten on Thursday as emphatic comments from the head of RBA and positive US macroeconomic data took it nearly 100 pips lower against USD. AUD/USD is deeply oversold on the short-term basis, thus we do not exclude mild upside correction on Friday due to profit -taking. Light market conditions are not too promising in terms of sustainable movements, which means that the intraday range is going to be rather narrow. The nearest resistance is seen at 0.9375/80 where minor offers are spotted, while the support comes at 0.9320.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9374, with support below at 0.9302, 0.9257 and 0.9185, with resistance above at 0.9419, 0.9491 and 0.9536. Hourly Moving Averages are mostly bearish with the 200SMA at 0.9412 and the daily 20EMA at 0.9392. Hourly RSI is bearish at 41.
4 Jul 2014
AUD/USD attempts to recover from losses
FXStreet (Moscow) - AUD/USD climbed to 0.9360 after opening at 0.9347, but the upside dynamics is weak.
Calm down, poor Aussie
Aussie was badly beaten on Thursday as emphatic comments from the head of RBA and positive US macroeconomic data took it nearly 100 pips lower against USD. AUD/USD is deeply oversold on the short-term basis, thus we do not exclude mild upside correction on Friday due to profit -taking. Light market conditions are not too promising in terms of sustainable movements, which means that the intraday range is going to be rather narrow. The nearest resistance is seen at 0.9375/80 where minor offers are spotted, while the support comes at 0.9320.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9374, with support below at 0.9302, 0.9257 and 0.9185, with resistance above at 0.9419, 0.9491 and 0.9536. Hourly Moving Averages are mostly bearish with the 200SMA at 0.9412 and the daily 20EMA at 0.9392. Hourly RSI is bearish at 41.