21 Jul 2014
AUD/USD: 0.9400 is a hard nut to crack
FXStreet (Moscow) - AUD/USD bumped into 0.9400 resistance and slided to 0.9388, where short-term bearish dynamic stalled.
Aussie bulls eye 0.9400 hungrily
AUD/USD recovered lots of lost ground on Friday; the pair briefly climbed above 0.9400 resistance to set the intraday high at 0.9411, but new sellers joined the game and pushed the pair below the above said level. AUD/USD is vulnerable as Australian economy sends mixed signals, while RBA officials loudly complain about strong dollar. In this context RBA’s Governor Glenn Stevens speech scheduled on Tuesday might attract market’s attention. On the intraday basis keep an eye at Friday’s low of 0.9336 on the downside and 0.9400 resistance on the upside.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9380, with support below at 0.9384, 0.9302 and 0.9270, with resistance above at 0.9426, 0.9458 and 0.9504. Hourly Moving Averages are mostly bullish with the 200SMA at 0.9382 and the daily 20EMA at 0.9385. Hourly RSI is bullish at 57.
Aussie bulls eye 0.9400 hungrily
AUD/USD recovered lots of lost ground on Friday; the pair briefly climbed above 0.9400 resistance to set the intraday high at 0.9411, but new sellers joined the game and pushed the pair below the above said level. AUD/USD is vulnerable as Australian economy sends mixed signals, while RBA officials loudly complain about strong dollar. In this context RBA’s Governor Glenn Stevens speech scheduled on Tuesday might attract market’s attention. On the intraday basis keep an eye at Friday’s low of 0.9336 on the downside and 0.9400 resistance on the upside.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9380, with support below at 0.9384, 0.9302 and 0.9270, with resistance above at 0.9426, 0.9458 and 0.9504. Hourly Moving Averages are mostly bullish with the 200SMA at 0.9382 and the daily 20EMA at 0.9385. Hourly RSI is bullish at 57.