24 Jun 2014
AUD/USD bullish until 0.9320
FXStreet (Barcelona) - AUD/USD is trading at 0.9378, down -0.48% on the day, having posted a daily high at 0.9433 and low at 0.9371.
AUD/USD spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish. The Market Strategy Team at UOB Group explained, "Overall, we maintain a bullish AUD view as long as the key support is intact at 0.9320”.
AUD/USD Levels
With spot trading at 0.9378, we can see next resistance ahead at 0.9380 (Daily Classic S1), 0.9381 (Weekly Classic PP), 0.9393 (Hourly 200 SMA), 0.9402 (Hourly 20 EMA) and 0.9402 (Hourly 100 SMA). Support below can be found at 0.9371 (Daily Low), 0.9371 (Yesterday's Low), 0.9360 (Daily 20 SMA), 0.9338 (Weekly Low) and 0.9336 (Daily Classic S2) and 0.9320 (Key Support).
AUD/USD spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish. The Market Strategy Team at UOB Group explained, "Overall, we maintain a bullish AUD view as long as the key support is intact at 0.9320”.
AUD/USD Levels
With spot trading at 0.9378, we can see next resistance ahead at 0.9380 (Daily Classic S1), 0.9381 (Weekly Classic PP), 0.9393 (Hourly 200 SMA), 0.9402 (Hourly 20 EMA) and 0.9402 (Hourly 100 SMA). Support below can be found at 0.9371 (Daily Low), 0.9371 (Yesterday's Low), 0.9360 (Daily 20 SMA), 0.9338 (Weekly Low) and 0.9336 (Daily Classic S2) and 0.9320 (Key Support).