21 Jan 2015
AUD/USD in hands of market sentiment - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that the AUD/USD pair legged down to the 0.8160 price zone earlier.
Key Quotes:
"Weighed by soft Chinese growth figures as yearly GDP for 2014 closed at 7.3% while in the 4Q the economy grew just 1.5%."
"There will be no relevant data coming from Australia or China today, leaving AUD/USD in the hands of market sentiment. The 1 hour chart shows that the price trades near its daily low of 0.8159 and below a bearish 20 SMA, albeit indicators hold in neutral territory."
"In the 4 hours chart, the pair is biased lower as per 20 SMA offering now dynamic resistance around 0.8215, while indicators turn south below their midlines."
Key Quotes:
"Weighed by soft Chinese growth figures as yearly GDP for 2014 closed at 7.3% while in the 4Q the economy grew just 1.5%."
"There will be no relevant data coming from Australia or China today, leaving AUD/USD in the hands of market sentiment. The 1 hour chart shows that the price trades near its daily low of 0.8159 and below a bearish 20 SMA, albeit indicators hold in neutral territory."
"In the 4 hours chart, the pair is biased lower as per 20 SMA offering now dynamic resistance around 0.8215, while indicators turn south below their midlines."