23 Jun 2014
AUD/USD is a mixed bag of signal
FXStreet (Guatemala) - AUD/USD is trading at 0.9418, up 0.34% on the day, having posted a daily high at 0.9448 and low at 0.9371.
AUD/USD is giving us mixed signals, with Quek Ser Leang, market strategist at UOB Group noting that the pair is looking bullish but weak momentum suggests that any up-move will likely struggle near 0.9460. "While the outlook for AUD is still bullish, the upward momentum is not very strong at this stage and any further up-move will likely struggle near 0.9460. Short-term pullback is expected to stay above the key support at 0.9320."
AUD/USD Levels
Spot is presently trading at 0.9419, and next resistance can be seen at 0.9422 (Hourly 20 EMA), 0.9428 (Monthly High), 0.9428 (YTD High), 0.9433 (Daily Classic R2) and 0.9441 (Weekly Classic R1). Next support to the downside can be found at 0.9417 (Yesterday's High), 0.9411 (Daily Classic R1), 0.9408 (Weekly High), 0.9394 (Daily Classic PP) and 0.9390 (Hourly 200 SMA).
AUD/USD is giving us mixed signals, with Quek Ser Leang, market strategist at UOB Group noting that the pair is looking bullish but weak momentum suggests that any up-move will likely struggle near 0.9460. "While the outlook for AUD is still bullish, the upward momentum is not very strong at this stage and any further up-move will likely struggle near 0.9460. Short-term pullback is expected to stay above the key support at 0.9320."
AUD/USD Levels
Spot is presently trading at 0.9419, and next resistance can be seen at 0.9422 (Hourly 20 EMA), 0.9428 (Monthly High), 0.9428 (YTD High), 0.9433 (Daily Classic R2) and 0.9441 (Weekly Classic R1). Next support to the downside can be found at 0.9417 (Yesterday's High), 0.9411 (Daily Classic R1), 0.9408 (Weekly High), 0.9394 (Daily Classic PP) and 0.9390 (Hourly 200 SMA).