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30 Jul 2014
AUD/USD is firmly below 0.94, bulls' joy was short-lived
FXStreet (Moscow) - AUD/USD has been trapped in a tight range for the most part of the Asian session with current high at 0.9387 and low at 0.9373
Back into the range
Alas, the ray of hope that glinted on Aussie’s horizon, disappeared be hid in the clouds too quickly. The pair dipped below 0.94 handle on the back of USD strengthening across the board, settled around 0.9385 level and spent most part of the NY session and today’s Asian session in a range limited by 0.9373-0.9388. FX markets are getting ready for the eventful US session, so the morning calm may the one before the storm if there are any surprises (either positive or negative) in US data today. From the technical point of view, weak stoops scattered around 0.9390 - 0.9425 area might limit the upside ahead of US reports, while the downside is likely to be capped by 0.9350 where new buying interest is spotted.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9393, with support below at 0.9365, 0.9347 and 0.9320, with resistance above at 0.9410, 0.9437 and 0.9455. Hourly Moving Averages are mixed with the 200SMA bearish at 0.9401 and the daily 20EMA flat at 0.9395. Hourly RSI is bearish at 43.
Back into the range
Alas, the ray of hope that glinted on Aussie’s horizon, disappeared be hid in the clouds too quickly. The pair dipped below 0.94 handle on the back of USD strengthening across the board, settled around 0.9385 level and spent most part of the NY session and today’s Asian session in a range limited by 0.9373-0.9388. FX markets are getting ready for the eventful US session, so the morning calm may the one before the storm if there are any surprises (either positive or negative) in US data today. From the technical point of view, weak stoops scattered around 0.9390 - 0.9425 area might limit the upside ahead of US reports, while the downside is likely to be capped by 0.9350 where new buying interest is spotted.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9393, with support below at 0.9365, 0.9347 and 0.9320, with resistance above at 0.9410, 0.9437 and 0.9455. Hourly Moving Averages are mixed with the 200SMA bearish at 0.9401 and the daily 20EMA flat at 0.9395. Hourly RSI is bearish at 43.