16 Jul 2014
AUD/USD now knows the darker side of life
FXStreet (Moscow) - AUD/USD gave up its feeble attempts to recover and continued to fall with new Asian low at 0.9328. Nothing to write home about.
Bid farewell to 0.9400, wave hello to 0.9300
Aussie has been a big loser against most of major currencies (with AUD/NZD as a lucky exception) The downside movement started yesterday, continued today and brought us to the lows of July 3, thus negating everything it had gained during the latest bullish episode. The short-term horizon of AUD/USD is clouded, but 0.9330/28 support area might prove to be a hard nut to crack as it has already rejected bearish attacks in mid-June and early in July. Below this level, strong demand with stops is seen at 0.9300. On the upside, the initial resistance comes at 0.9375.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9374, with support below at 0.9344, 0.9319 and 0.9289, with resistance above at 0.9399, 0.9429 and 0.9454. Hourly Moving Averages are bearish with the 200SMA at 0.9381 and the daily 20EMA at 0.9392. Hourly RSI is bearish at 32.
Bid farewell to 0.9400, wave hello to 0.9300
Aussie has been a big loser against most of major currencies (with AUD/NZD as a lucky exception) The downside movement started yesterday, continued today and brought us to the lows of July 3, thus negating everything it had gained during the latest bullish episode. The short-term horizon of AUD/USD is clouded, but 0.9330/28 support area might prove to be a hard nut to crack as it has already rejected bearish attacks in mid-June and early in July. Below this level, strong demand with stops is seen at 0.9300. On the upside, the initial resistance comes at 0.9375.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9374, with support below at 0.9344, 0.9319 and 0.9289, with resistance above at 0.9399, 0.9429 and 0.9454. Hourly Moving Averages are bearish with the 200SMA at 0.9381 and the daily 20EMA at 0.9392. Hourly RSI is bearish at 32.