30 Apr 2014
AUD/USD came close to 0.8285 resistance - ray of hope for bulls
FXStreet (Moscow) - AUD/USD is trying to recover from Asian lows at 0.9226, the resistance of 0.9285 is under attack.
Sidelined, in hopes for bullish breakout
AUD/USD found support around 0.9220/00 area as new buyers attracted by low levels, helped the Aussie to reverse early losses. The pair finished the day in the green zone, within its recent trading range. As long as AUD/USD stays below 0.9300 and above 0.9220/00, the consolidation is the order of the day. RBA private credit data published earlier today helped the Aussie to reach current Asian high at 0.9285. AUD/USD trades with a light bullish bias, but we need to see a clear break above the Asian high to hope for a successful 0.9300 attack. From the fundamental point of view on the European and American sessions the Aussie movements will be governed by risk appetite and overall USD sentiments. There are plenty of important reports from the USA to be published today. We have April ADP, 1Q GDP and Chicago PMI to name just a few.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9259, with support below at 0.9235, 0.9201 and 0.9177, with resistance above at 0.9293, 0.9317 and 0.9351. Hourly Moving Averages are mostly bullish, with the 200SMA at 0.9301 and the daily 20EMA at 0.9289. Hourly RSI is bullish at 57.
Sidelined, in hopes for bullish breakout
AUD/USD found support around 0.9220/00 area as new buyers attracted by low levels, helped the Aussie to reverse early losses. The pair finished the day in the green zone, within its recent trading range. As long as AUD/USD stays below 0.9300 and above 0.9220/00, the consolidation is the order of the day. RBA private credit data published earlier today helped the Aussie to reach current Asian high at 0.9285. AUD/USD trades with a light bullish bias, but we need to see a clear break above the Asian high to hope for a successful 0.9300 attack. From the fundamental point of view on the European and American sessions the Aussie movements will be governed by risk appetite and overall USD sentiments. There are plenty of important reports from the USA to be published today. We have April ADP, 1Q GDP and Chicago PMI to name just a few.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9259, with support below at 0.9235, 0.9201 and 0.9177, with resistance above at 0.9293, 0.9317 and 0.9351. Hourly Moving Averages are mostly bullish, with the 200SMA at 0.9301 and the daily 20EMA at 0.9289. Hourly RSI is bullish at 57.