9 Apr 2014
AUD/USD 2013 levels are too much
FXStreet (Guatemala) - Currently, AUD/USD is trading at 0.9388, up 0.29% on the day, having posted a daily high at 0.9401 and low at 0.9335.
AUD/USD has hit resistance post the dovish FOMC minutes with supply coming in on the 0.94 handle and proving to be a psychological barrier for the pair and a level not seen since November 2013.
AUD/USD Oversold
The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish. Daily RSI sits at 34.53, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 1.0937, down from the last close at 1.1005 and declining.
AUD/USD Levels (Dark Cloud Cover)
Looking at price patterns, we can see a Dark Cloud Cover and Engulfing Bearish 1-hour candlestick formation. Current price is 1.0864, with resistance ahead at 1.0869 (Daily Classic S2), 1.0887 (Weekly Classic S2), 1.0895 (Daily Classic S1), 1.0903 (Daily 100 SMA) and 1.0911 (Yesterday's Low). Next support to the downside can be found at 1.0857 (Daily Low), 1.0827 (Daily Classic S3), 1.0819 (Weekly Classic S3), 1.0646 (Daily 200 SMA) and 1.0639 (YTD Low).
AUD/USD has hit resistance post the dovish FOMC minutes with supply coming in on the 0.94 handle and proving to be a psychological barrier for the pair and a level not seen since November 2013.
AUD/USD Oversold
The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish. Daily RSI sits at 34.53, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 1.0937, down from the last close at 1.1005 and declining.
AUD/USD Levels (Dark Cloud Cover)
Looking at price patterns, we can see a Dark Cloud Cover and Engulfing Bearish 1-hour candlestick formation. Current price is 1.0864, with resistance ahead at 1.0869 (Daily Classic S2), 1.0887 (Weekly Classic S2), 1.0895 (Daily Classic S1), 1.0903 (Daily 100 SMA) and 1.0911 (Yesterday's Low). Next support to the downside can be found at 1.0857 (Daily Low), 1.0827 (Daily Classic S3), 1.0819 (Weekly Classic S3), 1.0646 (Daily 200 SMA) and 1.0639 (YTD Low).