23 Jun 2014
AUD/USD: Weak tone to start the week - FXStreet
FXStreet (Bali) - Aussie presents a weak tone, notes Valeria Bednarik, Chief Analyst at FXStreet.
Key Quotes
"Gapping lower against the greenback at the opening: the hourly chart shows price below a bearish 20 SMA and indicators accelerating lower in negative territory, pointing for a test of recent lows around 0.9330."
"The 4 hours chart shows price unable to overcome its 20 SMA as indicators turn south around their midlines, gaining bearish momentum, supporting the shorter term view."
"Further slides are not yet seen thus once below 0.9330 the pair is exposed to a test of 0.9260 strong midterm support."
Key Quotes
"Gapping lower against the greenback at the opening: the hourly chart shows price below a bearish 20 SMA and indicators accelerating lower in negative territory, pointing for a test of recent lows around 0.9330."
"The 4 hours chart shows price unable to overcome its 20 SMA as indicators turn south around their midlines, gaining bearish momentum, supporting the shorter term view."
"Further slides are not yet seen thus once below 0.9330 the pair is exposed to a test of 0.9260 strong midterm support."