26 Mar 2014
AUD/USD is still on the way up with 0.9247 looming.
FXStreet (Moscow) - AUD/USD got the needed impulse from Stevens and goes on rising reaching 0.9198 high by the moment.
Stevens will talk again
Glenn Stevens said nothing scary for the Aussy during his recent press conference, though many traders expected the reiteration of the comments on too expencive national currency. It helped the pair reach 0.9198 high from 0.9163 at the open. Nevertheless, the market is in no rush to buy the pair furiously, as the RBA Governor will speak again, participating in a panel discussion at the Credit Suisse Asian Investment Conference. During his last testimony on March, 6 Stevens confirmed that the exchange rate is still high by historic standards. If we hear something like this today, the Aussy may go back to recent lows. The initial target is at 0.9131 support level followed by 0.9095.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9153 with support below at 0.9131 (S1), 0.9095 (S2) and 0.9073 (S3), with resistance above at 0.9189 (R1), 0.9211 (R2), and 0.9247(R3). Hourly Moving Averages are largely bullish, with the 200SMA at 0.9082 and the daily 20EMA bullish at 0.9048. Hourly RSI is neutral at 61.
Stevens will talk again
Glenn Stevens said nothing scary for the Aussy during his recent press conference, though many traders expected the reiteration of the comments on too expencive national currency. It helped the pair reach 0.9198 high from 0.9163 at the open. Nevertheless, the market is in no rush to buy the pair furiously, as the RBA Governor will speak again, participating in a panel discussion at the Credit Suisse Asian Investment Conference. During his last testimony on March, 6 Stevens confirmed that the exchange rate is still high by historic standards. If we hear something like this today, the Aussy may go back to recent lows. The initial target is at 0.9131 support level followed by 0.9095.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9153 with support below at 0.9131 (S1), 0.9095 (S2) and 0.9073 (S3), with resistance above at 0.9189 (R1), 0.9211 (R2), and 0.9247(R3). Hourly Moving Averages are largely bullish, with the 200SMA at 0.9082 and the daily 20EMA bullish at 0.9048. Hourly RSI is neutral at 61.