6 Dec 2013
AUD/USD ranges into Europe
FXstreet.com (Barcelona) - AUD/USD posted an overnight low at 0.9036, and remained within a tight 35-40 pip range overnight, and is presently trading at 0.9056, down -0.11% on the day.
AUD/USD eyes on NFPs and next weeks RBNZ meet
It was a quiet night of data for the pair, following the RBA’s rate hold earlier this week. Peter Fell, of FXBeat commented that the initial dip in the pair came from the S&P downgrade of Qantas to junk. He writes, “It is obviously a slow news day, traders happy to jump on anything deemed as negative to sell AUD/USD.” Obvious attention will be paid to this afternoonś US NFP’s, and also the RBNZ meet next week which has the prospect of affecting the AUD/NZD cross.
What are today’s key AUD/USD levels and patterns?
Hourly RSI sits at 49, while the hourly 200 SMA looks bearish at 0.9097 alongside the daily 20 EMA at 0.9212. The daily pivot point is 0.9094, with resistance above at 0.9097 (R1), 0.9127 (R2) and 0.9175 (R3), and support below at 0.9019 (S1), 0.8971 (S2) and 0.8941 (S3). The range between 0.9049-15 looks to provide some support with several key technical levels clustered. Also, a Doji Candlestick pattern can be seen on the 1 hour chart.
AUD/USD eyes on NFPs and next weeks RBNZ meet
It was a quiet night of data for the pair, following the RBA’s rate hold earlier this week. Peter Fell, of FXBeat commented that the initial dip in the pair came from the S&P downgrade of Qantas to junk. He writes, “It is obviously a slow news day, traders happy to jump on anything deemed as negative to sell AUD/USD.” Obvious attention will be paid to this afternoonś US NFP’s, and also the RBNZ meet next week which has the prospect of affecting the AUD/NZD cross.
What are today’s key AUD/USD levels and patterns?
Hourly RSI sits at 49, while the hourly 200 SMA looks bearish at 0.9097 alongside the daily 20 EMA at 0.9212. The daily pivot point is 0.9094, with resistance above at 0.9097 (R1), 0.9127 (R2) and 0.9175 (R3), and support below at 0.9019 (S1), 0.8971 (S2) and 0.8941 (S3). The range between 0.9049-15 looks to provide some support with several key technical levels clustered. Also, a Doji Candlestick pattern can be seen on the 1 hour chart.