30 Jan 2014
Bears won't let AUD/USD go that easy
FXstreet.com (Moscow) - AUD/USD is struggling to rebound from the support level of 0/8700, but it is in the clear short-term down-trend with the sequence of lower bottoms on the hourly chart
AUD/USD: risk sentiments are in focus
AUD/USD was pressed down yesterday, but not as much as one would expect considering the run at risk assets. The FED decision sent the pair lower to 0.8730 zone on the back of general US Dollar strength. Australia published new home sales and export/import prices earlier today, that came out much worse than expected and increased pressure on AUD. The news that PMI in China dropped to 49.5 against preliminary estimate of 49.6 added to the Aussie woes. Today we are waiting for US GDP numbers that may cause additional volatility in the market. The key level to watch is 0.8758 (1h 50EMA). If this resistance is broken, the upside may accelerate to 0.8800. To the downside the support comes at 0.8700 and followed by 0.8677.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8762, with support below at 0.8695, 0.8658 and 0.8591, with resistance above at 0.8799, 0.8866 and 0.8903. Hourly Moving Averages are bearish, with the 200SMA at 0.8780 and the daily 20EMA at 0.8829. Hourly RSI is neutral at 42.
AUD/USD: risk sentiments are in focus
AUD/USD was pressed down yesterday, but not as much as one would expect considering the run at risk assets. The FED decision sent the pair lower to 0.8730 zone on the back of general US Dollar strength. Australia published new home sales and export/import prices earlier today, that came out much worse than expected and increased pressure on AUD. The news that PMI in China dropped to 49.5 against preliminary estimate of 49.6 added to the Aussie woes. Today we are waiting for US GDP numbers that may cause additional volatility in the market. The key level to watch is 0.8758 (1h 50EMA). If this resistance is broken, the upside may accelerate to 0.8800. To the downside the support comes at 0.8700 and followed by 0.8677.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8762, with support below at 0.8695, 0.8658 and 0.8591, with resistance above at 0.8799, 0.8866 and 0.8903. Hourly Moving Averages are bearish, with the 200SMA at 0.8780 and the daily 20EMA at 0.8829. Hourly RSI is neutral at 42.