AUD/USD bears attempt to get settle bellow 0.9350

FXStreet (Moscow) - AUD/USD touched the Asian high at 0.9371, but quicky made a U-turn and dipped to 0.9353 despite fairly supportive NAB Quarterly Business Confidence data and June RBA FX transactions report.

Bears don’t give up

As it was expected, AUD/USD bears could not break below 0.9330/28 support area, which triggered technical correction and helped the Aussie finish Wednesday with marginal losses. Later during the day the pair may drift to the above said support zone, but it is unlikely to be broken without truly positive US macro statistics. We are waiting for positive Housing starts report that may show that the the housing sector is recovering. USD upside momentum might get traction across the board but it would hardly be enough to push Aussie thorough the bespoke support.

What are today’s key AUD/USD levels?

Today's central pivot point can be found at 0.9358, with support below at 0.9340, 0.9310 and 0.9292, with resistance above at 0.9388, 0.9406 and 0.9436. Hourly Moving Averages are mostly bearish with the 200SMA at 0.9382 and the daily 20EMA at 0.9388. Hourly RSI is bullsih at 51.