6 Nov 2013
AUD/USD consolidating 0.9530 front
FXstreet.com (Chicago) - AUD/USD ends the American trading session with gains printing 0.26% pips up to reach the century this week consolidating the early week reversal.
Data, WS performance
Ahead of unemployment data in Australia along full-time and part-time employment results, market participants digest Wall Street’s performance. Presenting mixed results, American equities evidences a Dow up 0.82%, a Nasdaq down 0.20% and the S&P500 up 0.43%.
AUD/USD Technical Levels
Technically speaking, the pair is offered at 0.9529 and oscillates between the supports aligned at 0.9514 (October 29th highs), 0.9459 (November 4th lows) ahead of 0.9427 (November 2nd lows) and the supports aligned at 0.9554 (October 14th highs), 0.9621 (October 28th highs) followed by 0.9673 (October 24th highs). On hourly charts, an upward trendline remains intact (origins last November 1st) and longer-term charts evidence the support of primary, secondary and short-term trends. According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
Data, WS performance
Ahead of unemployment data in Australia along full-time and part-time employment results, market participants digest Wall Street’s performance. Presenting mixed results, American equities evidences a Dow up 0.82%, a Nasdaq down 0.20% and the S&P500 up 0.43%.
AUD/USD Technical Levels
Technically speaking, the pair is offered at 0.9529 and oscillates between the supports aligned at 0.9514 (October 29th highs), 0.9459 (November 4th lows) ahead of 0.9427 (November 2nd lows) and the supports aligned at 0.9554 (October 14th highs), 0.9621 (October 28th highs) followed by 0.9673 (October 24th highs). On hourly charts, an upward trendline remains intact (origins last November 1st) and longer-term charts evidence the support of primary, secondary and short-term trends. According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.