25 Jun 2015
AUD/USD weighed by Greece - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that AUD/USD hovers around the 0.7700 figure, having been as low as 0.7682 intraday, as commodity currencies were the most affected by dollar's broad strength in the American afternoon.
Key Quotes:
"The pair maintains a neutral-to-bearish technical stance, unable to set a clear directional strength ever since June started. Short term however, the bears are taking the lead, as the 1 hour chart shows that the technical indicators are retreating from their mid-lines, whilst the price stands below a bearish 20 SMA."
"In the 4 hours chart, the price has remained below a horizontal 200 EMA, currently around 0.7765, whilst the 20 SMA gains a limited bearish slope and the technical indicators lack directional strength in negative territory. Buying interest has been containing declines in the 0.7680 region, although at this point, the pair needs to break below the next intraday support, at 0.7640, to extend its decline towards sub 0.7600 levels."
Key Quotes:
"The pair maintains a neutral-to-bearish technical stance, unable to set a clear directional strength ever since June started. Short term however, the bears are taking the lead, as the 1 hour chart shows that the technical indicators are retreating from their mid-lines, whilst the price stands below a bearish 20 SMA."
"In the 4 hours chart, the price has remained below a horizontal 200 EMA, currently around 0.7765, whilst the 20 SMA gains a limited bearish slope and the technical indicators lack directional strength in negative territory. Buying interest has been containing declines in the 0.7680 region, although at this point, the pair needs to break below the next intraday support, at 0.7640, to extend its decline towards sub 0.7600 levels."