15 Nov 2013
AUD/USD stalled yet strong
FXstreet.com (Chicago) - AUD/USD accumulates 0.47% in daily gains so far erasing most of the weekly losses incurred earlier this week. Still down 0.27% for the week, the pair retraced from 0.9375 session highs and remains around the 0.9350 front.
Action, US results
Price action reveals the pair remains stranded around the 0.9360 zone after retracing from 0.9375 session highs after a strong rally from 0.9304 lows. Earlier in Asia, no data was released and the journey was rather slow all throughout. It was after the release of weaker than expected American results that the pair strengthened.
AUD/USD Technical Levels
Technically speaking, the pair is offered at 0.9362 and oscillates between the supports aligned at 0.9267 (November 12th lows), 0.9224 (November 12th lows) ahead of 0.9161 (September 8th lows) and the resistances set at 0.9386 (November 11th highs), 0.9471 (November 8th highs) followed by 0.9542 (November 6th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and navigates above the EMA20.
Action, US results
Price action reveals the pair remains stranded around the 0.9360 zone after retracing from 0.9375 session highs after a strong rally from 0.9304 lows. Earlier in Asia, no data was released and the journey was rather slow all throughout. It was after the release of weaker than expected American results that the pair strengthened.
AUD/USD Technical Levels
Technically speaking, the pair is offered at 0.9362 and oscillates between the supports aligned at 0.9267 (November 12th lows), 0.9224 (November 12th lows) ahead of 0.9161 (September 8th lows) and the resistances set at 0.9386 (November 11th highs), 0.9471 (November 8th highs) followed by 0.9542 (November 6th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and navigates above the EMA20.