25 Apr 2014
AUD/USD bulls weave a plot; 0.9300 is within reach
FXStreet (Moscow) - AUD/USD is recovering losses as the pair took off the Asian low at 0.9253 and reached current levels of 0.9278
Aussie sentiments turn sour
The chances are that AUD/USD will have its second negative weekly close in a row. This would the the first back-to-back weekly decline since mid-February. The pair tried to recover but stopped short of 0.9300 on Thursday. Anti-risk sentiments coupled with a shift in RBA monetary policy expectations changed the Aussie dynamics. There are are no meaningful economic data releases scheduled for today, so the AUD/USD movements will be influenced by technical factors and risk sentiments. The short-term outlook for Aussie is bearish as long as it trades below 0.9300/15 area. On the intraday basis, the current trading range will be extended to the downside, once the pair breaks below 0.9253 (yesterday/s low). This will bring 0.9210 into sight.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9272, with support below at 0.9242, 0.9219 and 0.9189, with resistance above at 0.9295, 0.9325 and 0.9348. Hourly Moving Averages are mixed, with the 200SMA at 0.9335 and the daily 20EMA at 0.9296. Hourly RSI is bullish at 52.
Aussie sentiments turn sour
The chances are that AUD/USD will have its second negative weekly close in a row. This would the the first back-to-back weekly decline since mid-February. The pair tried to recover but stopped short of 0.9300 on Thursday. Anti-risk sentiments coupled with a shift in RBA monetary policy expectations changed the Aussie dynamics. There are are no meaningful economic data releases scheduled for today, so the AUD/USD movements will be influenced by technical factors and risk sentiments. The short-term outlook for Aussie is bearish as long as it trades below 0.9300/15 area. On the intraday basis, the current trading range will be extended to the downside, once the pair breaks below 0.9253 (yesterday/s low). This will bring 0.9210 into sight.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9272, with support below at 0.9242, 0.9219 and 0.9189, with resistance above at 0.9295, 0.9325 and 0.9348. Hourly Moving Averages are mixed, with the 200SMA at 0.9335 and the daily 20EMA at 0.9296. Hourly RSI is bullish at 52.