17 Jul 2014
AUD/USD upside is deteriorating
FXStreet (Guatemala) - AUD/USD is trading at 1.0745, down -0.05% on the day, having posted a daily high at 1.0754 and low at 1.0743.
Australian NAB Business Confidence was released. The AUD/USD has been finding some support overall after sliding of the edge of the rising short term trend. The downside is now beginning to look constructive though on the 0.93 handle and the longer term bull trend’s support line is still deteriorating below key 0.9400 resistance.
AUD/USD Levels
Current price is 1.0746, with resistance ahead at 1.0753 (Daily Open), 1.0754 (Daily High), 1.0759 (Daily Classic R3), 1.0760 (Yesterday's High) and 1.0775 (Daily 100 SMA). Next support to the downside can be found at 1.0743 (Daily Low), 1.0737 (Hourly 20 EMA), 1.0732 (Daily 20 SMA), 1.0726 (Daily Classic R2) and 1.0719 (Weekly Classic R1).
Australian NAB Business Confidence was released. The AUD/USD has been finding some support overall after sliding of the edge of the rising short term trend. The downside is now beginning to look constructive though on the 0.93 handle and the longer term bull trend’s support line is still deteriorating below key 0.9400 resistance.
AUD/USD Levels
Current price is 1.0746, with resistance ahead at 1.0753 (Daily Open), 1.0754 (Daily High), 1.0759 (Daily Classic R3), 1.0760 (Yesterday's High) and 1.0775 (Daily 100 SMA). Next support to the downside can be found at 1.0743 (Daily Low), 1.0737 (Hourly 20 EMA), 1.0732 (Daily 20 SMA), 1.0726 (Daily Classic R2) and 1.0719 (Weekly Classic R1).