Back
31 Jul 2014
AUD/USD clinches to 0.9300 support
FXStreet (Moscow) - AUD/USD is not ready to go below 0.9300 as the pair tested waters, but retraced to 0.9320
Bears rejoice
AUD/USD dipped to the pivotal support of 0.9300 on Wednesday, but managed to recover to 0.9320 by the end of the day. The steep downside was induced by dollar growing across the board. Though now that Aussie reached the lower side of its recent channel bears might have harder time pushing the pair lower. The next important trigger might come from positive US labor market data that is expected to be published on Friday. Until that time sidelined trading might prevail. Profit-taking on short AUD/USD positions can help the pair to recover to at 0.9330 and then to 0.9350.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9392, with support below at 0.9365, 0.9347 and 0.9320, with resistance above at 0.9410, 0.9437 and 0.9455. Hourly Moving Averages are mixed with the 200SMA bearish at 0.9399 and the daily 20EMA flat at 0.9388. Hourly RSI is bearish at 29.
Bears rejoice
AUD/USD dipped to the pivotal support of 0.9300 on Wednesday, but managed to recover to 0.9320 by the end of the day. The steep downside was induced by dollar growing across the board. Though now that Aussie reached the lower side of its recent channel bears might have harder time pushing the pair lower. The next important trigger might come from positive US labor market data that is expected to be published on Friday. Until that time sidelined trading might prevail. Profit-taking on short AUD/USD positions can help the pair to recover to at 0.9330 and then to 0.9350.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9392, with support below at 0.9365, 0.9347 and 0.9320, with resistance above at 0.9410, 0.9437 and 0.9455. Hourly Moving Averages are mixed with the 200SMA bearish at 0.9399 and the daily 20EMA flat at 0.9388. Hourly RSI is bearish at 29.