6 Nov 2013
AUD/USD unable to break above 0.9540
FXstreet.com (San Francisco) - After testing the 0.9540 several times in the American session, the AUD/USD has momentarily given up with the Aussie falling to the 0.9505 area against the US Dollar.
Initially, the AUD/USD recovered from sub 0.9500 levels to post a fresh 1-week high at 0.9540 in the European session, but the pair found sell interest at this level, pressuring the Aussie to the downside.
AUD/USD technicals
Currently, the AUD/USD is trading at 0.9515, 0.23% positive in the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 1-hour chart. Momentum and CCI are pointing to the south while the Stochastic and the MACD are neutral.
As for technical levels, The AUD/USD would face supports at 0.9500, 0.9485 (daily low), and 0.9460 (November 5 low). On the upside, if the pair manages to break above 0.9540/45, next resistances could be found at 0.9575 (Oct 29 high), 0.9600 (psychological level) and 0.9625 (Oct 25 high).
Initially, the AUD/USD recovered from sub 0.9500 levels to post a fresh 1-week high at 0.9540 in the European session, but the pair found sell interest at this level, pressuring the Aussie to the downside.
AUD/USD technicals
Currently, the AUD/USD is trading at 0.9515, 0.23% positive in the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 1-hour chart. Momentum and CCI are pointing to the south while the Stochastic and the MACD are neutral.
As for technical levels, The AUD/USD would face supports at 0.9500, 0.9485 (daily low), and 0.9460 (November 5 low). On the upside, if the pair manages to break above 0.9540/45, next resistances could be found at 0.9575 (Oct 29 high), 0.9600 (psychological level) and 0.9625 (Oct 25 high).