28 Jul 2014
AUD/USD giving up its gains and coming bearish - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the Australian dollar finally gave up.
Key Quotes:
“Australian dollar finally gave up all of it latest gains against the greenback, consolidating now around the 0.9400 figure and looking short term bearish, with price below its 20 SMA in the hourly chart, and indicators below their midlines, albeit showing no actual strength at the time being”.
“In the 4 hours chart the bearish tone coming from technical readings is stronger, eyeing now 0.9370 immediate support as a break below it exposes the pair to a test of critical 0.9330 price zone”.
“Support levels: 0.9370 0.9330 0.9300”.
“Resistance levels: 0.9420 0.9460 0.9500”.
Key Quotes:
“Australian dollar finally gave up all of it latest gains against the greenback, consolidating now around the 0.9400 figure and looking short term bearish, with price below its 20 SMA in the hourly chart, and indicators below their midlines, albeit showing no actual strength at the time being”.
“In the 4 hours chart the bearish tone coming from technical readings is stronger, eyeing now 0.9370 immediate support as a break below it exposes the pair to a test of critical 0.9330 price zone”.
“Support levels: 0.9370 0.9330 0.9300”.
“Resistance levels: 0.9420 0.9460 0.9500”.