9 Apr 2014
AUD/USD climbed to new 5-month peaks
FXStreet (Moscow) - AUD/USD reached almost 5-month high at 0.9385 by the moment, ready to go further.
The Aussie is very ambitious
The pair is on the move today, and keeps going higher targeting 0.94 area. Australia did give the reason to behave like that - it published positive house lending and investment loans data. However, there are some more arguments for the move up, as the recently signed Trade Agreement with China made the economic outlook brighter, and spurred investors optimism for Australian currency. Nevertheless, the further rise may be complicated by the growing sellers’ interest as we approach the barrier option at 0.9400 with stops above. Thus, a more significant sell-off of the USD would be needed to drive the Aussie even higher.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9330, with support below at 0.9291, 0.9222 and 0.9183, with resistance above at 0.9299, 0.9317 and 0.9407. Hourly Moving Averages are bullish, with the 200SMA at 0.9263 and the daily 20EMA is bullish at 0.9190. Hourly RSI is bullish at 71.
The Aussie is very ambitious
The pair is on the move today, and keeps going higher targeting 0.94 area. Australia did give the reason to behave like that - it published positive house lending and investment loans data. However, there are some more arguments for the move up, as the recently signed Trade Agreement with China made the economic outlook brighter, and spurred investors optimism for Australian currency. Nevertheless, the further rise may be complicated by the growing sellers’ interest as we approach the barrier option at 0.9400 with stops above. Thus, a more significant sell-off of the USD would be needed to drive the Aussie even higher.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9330, with support below at 0.9291, 0.9222 and 0.9183, with resistance above at 0.9299, 0.9317 and 0.9407. Hourly Moving Averages are bullish, with the 200SMA at 0.9263 and the daily 20EMA is bullish at 0.9190. Hourly RSI is bullish at 71.