27 Mar 2014
AUD/USD paused at the resistance of 0.9240
FXStreet (Moscow) - AUD/USD is waiting for new catalysts at the resistance of 0.9240.
AUD/USD explores new heights
AUD/USD seems unstoppable on its way to new highs at the pair closed above 0.9200 on Wednesday, cementing the mid-term bullish case. Traders eventually surged off the China related concerns that kept the Aussie bulls in check for a while. RBA Governor Glenn Stevens failed to talk the national currency down during his speech yesterday. On the contrary, he added to the overall Aussie optimism, noting that the Australian economy is moving away from commodity dependent growth model to domestic consumption. From the technical point of view, Wednesday’s high at 0.9245 may cap further upside and trigger the downside correction with the first aim at 0.9200 on the intraday basis.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9209, with support below at 0.9170, 0.9115 and 0.9076, with resistance above at 0.9264, 0.9303 and 0.9358. Hourly Moving Averages are bullish, with the 200SMA at 0.9104 and the daily 20EMA at 0.9095. Hourly RSI is neutral at 68.
AUD/USD explores new heights
AUD/USD seems unstoppable on its way to new highs at the pair closed above 0.9200 on Wednesday, cementing the mid-term bullish case. Traders eventually surged off the China related concerns that kept the Aussie bulls in check for a while. RBA Governor Glenn Stevens failed to talk the national currency down during his speech yesterday. On the contrary, he added to the overall Aussie optimism, noting that the Australian economy is moving away from commodity dependent growth model to domestic consumption. From the technical point of view, Wednesday’s high at 0.9245 may cap further upside and trigger the downside correction with the first aim at 0.9200 on the intraday basis.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9209, with support below at 0.9170, 0.9115 and 0.9076, with resistance above at 0.9264, 0.9303 and 0.9358. Hourly Moving Averages are bullish, with the 200SMA at 0.9104 and the daily 20EMA at 0.9095. Hourly RSI is neutral at 68.