8 Nov 2013
AUD/USD stalled below 0.94
FXstreet.com (Chicago) - AUD/USD extended a shortly lived gradual ascent after bouncing off 0.9353 lows.
Data releases, price action
With a dovish RBA monetary policy statement along worse than expected Australian results published on Thursday, the pair’s fall was not surprised. Sentencing the downward movement, positive NFP results contributed to the pair’s price action.
AUD/USD Technical Levels
Technically speaking, the pair bounces off lows attempting to erase partial losses after hitting 0.9353 bottoms. Offered at 0.9386, the pair oscillates between the supports aligned at 0.9350 (September 12th highs), 0.9283 (October 1st lows) ahead of 0.9248 (August 19th highs) and the resistances set at 0.9421 (November 1st lows), 0.9480 (October 10th highs) followed by 0.9542 (November 6th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis below the EMA20.
Data releases, price action
With a dovish RBA monetary policy statement along worse than expected Australian results published on Thursday, the pair’s fall was not surprised. Sentencing the downward movement, positive NFP results contributed to the pair’s price action.
AUD/USD Technical Levels
Technically speaking, the pair bounces off lows attempting to erase partial losses after hitting 0.9353 bottoms. Offered at 0.9386, the pair oscillates between the supports aligned at 0.9350 (September 12th highs), 0.9283 (October 1st lows) ahead of 0.9248 (August 19th highs) and the resistances set at 0.9421 (November 1st lows), 0.9480 (October 10th highs) followed by 0.9542 (November 6th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis below the EMA20.