9 Jul 2014
AUD/USD: Techs support advance for coming hours - FXStreet
FXStreet (Bali) - Technicals in the AUD/USD are supporting an advance for the upcoming hours, notes Valeria Bednarik, Chief Analyst at FXStreet.
Key Quotes
"Australian employment figures will be released over Asian session, and indeed will bring some action in the pair, as a positive reading may see current recovery extending up to 0.9460 in route to the 0.9500 figure."
"Technically the hourly chart shows an increasing upward momentum, still a bit shy as price extends above a flat 20 SMA. In the 4 hours chart indicators look still messy but in positive territory, not yet defining a clear direction, although price managed to bounce strongly from a bullish 20 SMA supporting an advance in the pair for the upcoming hours."
Key Quotes
"Australian employment figures will be released over Asian session, and indeed will bring some action in the pair, as a positive reading may see current recovery extending up to 0.9460 in route to the 0.9500 figure."
"Technically the hourly chart shows an increasing upward momentum, still a bit shy as price extends above a flat 20 SMA. In the 4 hours chart indicators look still messy but in positive territory, not yet defining a clear direction, although price managed to bounce strongly from a bullish 20 SMA supporting an advance in the pair for the upcoming hours."