9 Oct 2013
AUD/USD below high-pressure front at 0.9450
FXstreet.com (Chicago) - AUD/USD accumulates 0.19% daily gains so far at closing of Wall Street after a highly volatile day with no solution to the US government shutdown despite announcements.
What’s new?
On earlier data, Australian rumors of incredible growth cycle partially dissipated. In the US, headlines are Yellen’s nomination, the possible shutdown coming to an end in one day or two and the debt ceiling impact throughout the markets. Wall Street closed with mixed results with the Dow up 0.18% similarly to the S&P500 up 0.06% but a Nasdaq printing 0.46% losses.
AUD/USD Technical Levels
Technically speaking, the pair trades at 0.9442 and oscillates between supports aligned at 0.94 (October 7th lows), 0.9363 (October 3rd lows) followed by 0.9332 (October 2nd lows) and the resistances set at 0.9457 (October 4th highs), 0.9484 (October 8th highs) ahead of 0.9525 (September 19th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis above the EMA20.
What’s new?
On earlier data, Australian rumors of incredible growth cycle partially dissipated. In the US, headlines are Yellen’s nomination, the possible shutdown coming to an end in one day or two and the debt ceiling impact throughout the markets. Wall Street closed with mixed results with the Dow up 0.18% similarly to the S&P500 up 0.06% but a Nasdaq printing 0.46% losses.
AUD/USD Technical Levels
Technically speaking, the pair trades at 0.9442 and oscillates between supports aligned at 0.94 (October 7th lows), 0.9363 (October 3rd lows) followed by 0.9332 (October 2nd lows) and the resistances set at 0.9457 (October 4th highs), 0.9484 (October 8th highs) ahead of 0.9525 (September 19th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis above the EMA20.