19 Nov 2013
AUD/USD on trading range close to 0.9420
FXstreet.com (Chicago) - AUD/USD remains capped around the 0.9430 zone after a spike to 0.9449 session highs. Stronger 0.45% so far, weekly gains are now accounting for 0.58% so far.
AUD/USD Technical Levels
Technically speaking, long-term trends diverge with a primary trend pointing down but a secondary one facing the ceiling. After a spike to 0.9449 session highs, the pair retraced around the 0.9410, where it stalls ahead of Wall Street’s closing. Offered at 0.9418, the pair oscillates between the supports aligned at 0.9388 (November 13th highs), 0.9350 (November 8th lows) followed by 0.9322 (November 11th lows) and the resistances set at 0.9418 (November 18th highs), 0.9470 (November 8th highs) ahead of 0.9542 (November 6th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is neutral and navigates above the EMA20.
AUD/USD Technical Levels
Technically speaking, long-term trends diverge with a primary trend pointing down but a secondary one facing the ceiling. After a spike to 0.9449 session highs, the pair retraced around the 0.9410, where it stalls ahead of Wall Street’s closing. Offered at 0.9418, the pair oscillates between the supports aligned at 0.9388 (November 13th highs), 0.9350 (November 8th lows) followed by 0.9322 (November 11th lows) and the resistances set at 0.9418 (November 18th highs), 0.9470 (November 8th highs) ahead of 0.9542 (November 6th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is neutral and navigates above the EMA20.