16 Apr 2014
AUD/USD forgot about China and returned to 0.9360
FXStreet (Moscow) - The time for AUD/USD returned to the opening levels after shooting to intraday highs of 0.9370/
Aussie is rangebound
AUD/USD developed a good downside correction on Tuesday following "written interventions" by the RBA as the minutes from the latest central bank meeting revealed their displeasure with growing Aussie. Though despite a substantial drop AUD/USD stayed above the pivotal 0.9335/20 area, which means the bulls have a chance to revisit 0.9400 level. Chinese data released earlier today caused only temporary Aussie reaction as AUD/USD quickly returned to its opening levels at about 0.9350 after shooting to 0.9370. On the intraday basis the pair movements might be influenced by FED speakers (Yellen and Stein), geopolitical situation in Ukraine and, possibly, US housing data. Increased anti-risk sentiments in case of Ukrainian crisis escalation will lead to Aussie sell-off. On the downside, the key level is still 0.9335/20. The upside is limited by 0.9400.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9376, with support below at 0.9322, 0.9284 and 0.9231, with resistance above at 0.9413, 0.9466 and 0.9505. Hourly Moving Averages are mixed, with the 200SMA at 0.9346 and the daily 20EMA is bullish at 0.9271. Hourly RSI is bearish at 47.
Aussie is rangebound
AUD/USD developed a good downside correction on Tuesday following "written interventions" by the RBA as the minutes from the latest central bank meeting revealed their displeasure with growing Aussie. Though despite a substantial drop AUD/USD stayed above the pivotal 0.9335/20 area, which means the bulls have a chance to revisit 0.9400 level. Chinese data released earlier today caused only temporary Aussie reaction as AUD/USD quickly returned to its opening levels at about 0.9350 after shooting to 0.9370. On the intraday basis the pair movements might be influenced by FED speakers (Yellen and Stein), geopolitical situation in Ukraine and, possibly, US housing data. Increased anti-risk sentiments in case of Ukrainian crisis escalation will lead to Aussie sell-off. On the downside, the key level is still 0.9335/20. The upside is limited by 0.9400.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9376, with support below at 0.9322, 0.9284 and 0.9231, with resistance above at 0.9413, 0.9466 and 0.9505. Hourly Moving Averages are mixed, with the 200SMA at 0.9346 and the daily 20EMA is bullish at 0.9271. Hourly RSI is bearish at 47.