30 Apr 2014
AUD/USD breaking resistance toward 0.93 handle
FXStreet (Guatemala) - AUD/USD is trading at 0.9296, up 0.31% on the day, having posted a daily high at 0.9301 and low at 0.9252.
AUD/USD has pooped higher to test this weeks resistance and the 0.93 handle. Today has been about the Fed and so it seems that markets are happy with the result with a $10b taper and quite frankly, there really isn’t anything from the statement that differed too much from March. There has been little price action to trade off and we now turn attention back to the fourth coming jobs report and Nonfarm Payrolls at the end of the week.
AUD/USD momentum declining
Looking to momentum indicators, the hourly 200 SMA is currently at 0.9266, down from the last close at 0.9296 and declining. Over the past 20 days, the exponential average closing price is 0.9289, and trending lower.
AUD/USD Levels
Current price is 0.9297, with resistance ahead at 0.9301 (Daily High), 0.9303 (Weekly Classic PP), 0.9317 (Daily Classic R2), 0.9351 (Daily Classic R3) and 0.9356 (Weekly Classic R1). Next support to the downside can be found at 0.9296 (Hourly 200 SMA), 0.9293 (Daily Classic R1), 0.9291 (Weekly High), 0.9289 (Daily 20 SMA) and 0.9284 (Yesterday's High).Currently, AUD/USD is trading at 0.9296, up 0.31% on the day, having posted a daily high at 0.9301 and low at 0.9252.
AUD/USD has pooped higher to test this weeks resistance and the 0.93 handle. Today has been about the Fed and so it seems that markets are happy with the result with a $10b taper and quite frankly, there really isn’t anything from the statement that differed too much from March. There has been little price action to trade off and we now turn attention back to the fourth coming jobs report and Nonfarm Payrolls at the end of the week.
AUD/USD momentum declining
Looking to momentum indicators, the hourly 200 SMA is currently at 0.9266, down from the last close at 0.9296 and declining. Over the past 20 days, the exponential average closing price is 0.9289, and trending lower.
AUD/USD Levels
Current price is 0.9297, with resistance ahead at 0.9301 (Daily High), 0.9303 (Weekly Classic PP), 0.9317 (Daily Classic R2), 0.9351 (Daily Classic R3) and 0.9356 (Weekly Classic R1). Next support to the downside can be found at 0.9296 (Hourly 200 SMA), 0.9293 (Daily Classic R1), 0.9291 (Weekly High), 0.9289 (Daily 20 SMA) and 0.9284 (Yesterday's High).Currently, AUD/USD is trading at 0.9296, up 0.31% on the day, having posted a daily high at 0.9301 and low at 0.9252.