20 Jun 2014
AUD/USD claiming a bullish bias
FXStreet (Guatemala) - Currently, AUD/USD is trading at 0.9409, up 0.11% on the day, having posted a daily high at 0.9413 and low at 0.9394.
AUD/USD is not going down without a fight on the 0.94 handle, owning the territory post the recent dovish FOMC outcome with which fundamentals persist in that until the next deciding variable being the July 1 RBA meeting in the main. Meanwhile, the hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish given the hourly trend off highs in 0.9433. Overall, providing the 0.9306 support line holds, Karen Jones, chief analyst at Commerzbank explains a retest of the 0.9448/60 November 2013 and the April high will remain viable. “Ideally intraday dips should be contained by the 0.9306 support line, however key support remains the 0.9203 support”.
AUD/USD Levels
Current price is 0.9409, with resistance ahead at 0.9413 (Daily High), 0.9424 (Daily Classic R1), 0.9428 (Monthly High), 0.9428 (Weekly High) and 0.9428 (YTD High). Next support to the downside can be found at 0.9407 (Daily Classic PP), 0.9400 (Hourly 20 EMA), 0.9398 (Daily Open), 0.9394 (Daily Low) and 0.9391 (Weekly Classic PP).
AUD/USD is not going down without a fight on the 0.94 handle, owning the territory post the recent dovish FOMC outcome with which fundamentals persist in that until the next deciding variable being the July 1 RBA meeting in the main. Meanwhile, the hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish given the hourly trend off highs in 0.9433. Overall, providing the 0.9306 support line holds, Karen Jones, chief analyst at Commerzbank explains a retest of the 0.9448/60 November 2013 and the April high will remain viable. “Ideally intraday dips should be contained by the 0.9306 support line, however key support remains the 0.9203 support”.
AUD/USD Levels
Current price is 0.9409, with resistance ahead at 0.9413 (Daily High), 0.9424 (Daily Classic R1), 0.9428 (Monthly High), 0.9428 (Weekly High) and 0.9428 (YTD High). Next support to the downside can be found at 0.9407 (Daily Classic PP), 0.9400 (Hourly 20 EMA), 0.9398 (Daily Open), 0.9394 (Daily Low) and 0.9391 (Weekly Classic PP).