21 Mar 2014
AUD/USD falters ahead of 0.9100
FXStreet (Córdoba) - The AUD/USD has continued moving higher throughout the European session, breaking above the 100-hour SMA to reach daily highs just a few pips shy of the 0.9100 mark.
The AUD/USD advanced helped by the positive tone in stocks and climbed to a fresh post-FOMC high of 0.9091 before finding resistance. At time of writing, the pair is trading at the 0.9080 area, recording a 0.5% gain on the day. In the absence of news and with nothing in the US docket, trading might remain subdued the rest of the day.
AUD/USD levels to watch
In terms of technical levels, if the AUD/USD breaks above 0.9100 (psychological level), next resistances could be found at 0.9137 (Mar 19 high) and 0.9147 (200-day SMA). On the other hand, supports are seen at 0.9032 (100-day SMA) and 0.8994 (Mar 20 low).
The AUD/USD advanced helped by the positive tone in stocks and climbed to a fresh post-FOMC high of 0.9091 before finding resistance. At time of writing, the pair is trading at the 0.9080 area, recording a 0.5% gain on the day. In the absence of news and with nothing in the US docket, trading might remain subdued the rest of the day.
AUD/USD levels to watch
In terms of technical levels, if the AUD/USD breaks above 0.9100 (psychological level), next resistances could be found at 0.9137 (Mar 19 high) and 0.9147 (200-day SMA). On the other hand, supports are seen at 0.9032 (100-day SMA) and 0.8994 (Mar 20 low).