30 Apr 2014
AUD/USD falters ahead of 0.9300
FXStreet (Córdoba) - The AUD/USD approached the 0.9300 level during the European session but lacked momentum to regain the psychological level and turned south weighed by EUR/AUD advance.
The AUD/USD was rejected by the 0.9295 area and erased intraday gains during the last hours, hitting a daily low of 0.9260 before finding support. At time of writing, the pair is trading at 0.9270, virtually unchanged since opening. During the New York session data includes the ADP employment report, Q1 gross domestic product and the Fed monetary policy decision.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find immediate supports at 0.9260 (Apr 30 low), 0.9227 (Apr 29 low) and 0.9200 (psychological level). On the other hand, resistances are seen at 0.9295 (Apr 30 high), 0.9318 (21-day SMA) and 0.9375 (Apr 30 high).
The AUD/USD was rejected by the 0.9295 area and erased intraday gains during the last hours, hitting a daily low of 0.9260 before finding support. At time of writing, the pair is trading at 0.9270, virtually unchanged since opening. During the New York session data includes the ADP employment report, Q1 gross domestic product and the Fed monetary policy decision.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find immediate supports at 0.9260 (Apr 30 low), 0.9227 (Apr 29 low) and 0.9200 (psychological level). On the other hand, resistances are seen at 0.9295 (Apr 30 high), 0.9318 (21-day SMA) and 0.9375 (Apr 30 high).