16 Oct 2013
AUD/USD bounces off 0.9498 session lows
FXstreet.com (Chicago) - AUD/USD consolidates above the 0.95 zone after falling below it on market participants’ reaction to Australian data.
Nothing happens in Washington
Jim Langlands from FXcharts states “the Aud is retreating sharply from its highs after the announcement from the Senate that negotiations are going nowhere fast and it currently sits back at close to 0.9500, having earlier reached 0.9546.”
AUD/USD Technical Levels
Technically speaking, the pair is offered at 0.9521 and oscillates between supports aligned at 0.9483 (October 8th highs), 0.9458 (October 5th highs) ahead of 0.9424 (October 11th lows) and the resistances set at 0.9547 (October 14th highs), 0.9590 (June 10th highs) followed by 0.9633 (June 15th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
Nothing happens in Washington
Jim Langlands from FXcharts states “the Aud is retreating sharply from its highs after the announcement from the Senate that negotiations are going nowhere fast and it currently sits back at close to 0.9500, having earlier reached 0.9546.”
AUD/USD Technical Levels
Technically speaking, the pair is offered at 0.9521 and oscillates between supports aligned at 0.9483 (October 8th highs), 0.9458 (October 5th highs) ahead of 0.9424 (October 11th lows) and the resistances set at 0.9547 (October 14th highs), 0.9590 (June 10th highs) followed by 0.9633 (June 15th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.