25 Mar 2015
AUD/USD pressuring 0.7900 – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, notes that AUD/USD trades flat, pressuring the 0.7900 area, and in need of a break above 0.7910 to see additional gains.
Key Quotes
“The AUD/USD pair is posting limited intraday gains, pressuring the 0.7900 figure, early in the American session.”
“The technical picture however, shows no actual strength, as the price stands a few pips above a flat 20 SMA, whilst the technical indicators are for the most neutral, flat above their midlines. In the 4 hours chart the 20 SMA presents a strong upward slope well below the current price, whilst the Momentum indicator heads higher above 100 and the RSI also advances around 63.”
“In this same chart, the pair presents some intraday highs at 0.7910, meaning a break above the level is required to confirm additional gains for the day, towards the 0.8000 price zone.”
“Support levels: 0.7845 0.7800 0.7770”
“Resistance levels: 0.7910 0.7950 0.7990”
Key Quotes
“The AUD/USD pair is posting limited intraday gains, pressuring the 0.7900 figure, early in the American session.”
“The technical picture however, shows no actual strength, as the price stands a few pips above a flat 20 SMA, whilst the technical indicators are for the most neutral, flat above their midlines. In the 4 hours chart the 20 SMA presents a strong upward slope well below the current price, whilst the Momentum indicator heads higher above 100 and the RSI also advances around 63.”
“In this same chart, the pair presents some intraday highs at 0.7910, meaning a break above the level is required to confirm additional gains for the day, towards the 0.8000 price zone.”
“Support levels: 0.7845 0.7800 0.7770”
“Resistance levels: 0.7910 0.7950 0.7990”