15 Apr 2014
AUD/USD is pressured down, but still close to 0.9400 resistance
FXStreet (Moscow) - The time for AUD/USD dropped to current lows of 0.9389 after an attempt at 0.9409 after RBA minutes.
Aussie is still hesitant
On a larger picture, AUD/USD is stuck in a rather narrow range, limited by 0.9400 on the upside and o.9360 on the downside. Bulls do not give up the attempts to break above 0.9400/20 resistance area, and once they succeed, the pair will shoot to previous week’s high at 0.9461. RBA minutes revealed an optimistic approach of the central bank towards the economy, but the markets were disappointed as the policy makers referred to Aussie strength pointing out that it is harmful for the health of the Australian economy. The closest support is now seen at 0.9376, it is followed by 0.9363/60 zone with fresh demand on approach, should the bears manage to pouch Aussie lower, 0.9335/20 will come into sight.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9409, with support below at 0.9390, 0.9357 and 0.9338, with resistance above at 0.9442, 0.9461 and 0.9494. Hourly Moving Averages are mostly neutral, with the 200SMA at 0.9330 and the daily 20EMA is bullish at 0.9261. Hourly RSI is bearish at 40.
Aussie is still hesitant
On a larger picture, AUD/USD is stuck in a rather narrow range, limited by 0.9400 on the upside and o.9360 on the downside. Bulls do not give up the attempts to break above 0.9400/20 resistance area, and once they succeed, the pair will shoot to previous week’s high at 0.9461. RBA minutes revealed an optimistic approach of the central bank towards the economy, but the markets were disappointed as the policy makers referred to Aussie strength pointing out that it is harmful for the health of the Australian economy. The closest support is now seen at 0.9376, it is followed by 0.9363/60 zone with fresh demand on approach, should the bears manage to pouch Aussie lower, 0.9335/20 will come into sight.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9409, with support below at 0.9390, 0.9357 and 0.9338, with resistance above at 0.9442, 0.9461 and 0.9494. Hourly Moving Averages are mostly neutral, with the 200SMA at 0.9330 and the daily 20EMA is bullish at 0.9261. Hourly RSI is bearish at 40.