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1 Aug 2014
AUD/USD is relaxing around 0.9290, preparing to a rebound
FXStreet (Moscow) - AUD/USD opened the day at 0.9291, touched 0.9315, but slid to 0.9290 area again, where may take a nap for the Europe.
Time to rebound
The pair found some support just below 0.93 area, and may take a pause after a long period of descend. The strong position of the USD was one of the key factors of pressure for the pair, however, the released yesterday US data gave the rise to doubts about the final result of Non-Farm Payrolls. Worse than expected labor data may help the Aussie to rebound with initial target at 0.9327 resistance.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9302, with support below at 0.9271, 0.9246 and 0.9215, with resistance above at 0.9327, 0.9358 and 0.9383. Hourly Moving Averages are bearish, with the 200SMA at 0.9388 and the daily 20EMA is bearish at 0.9380. Hourly RSI is bearish at 37.
Time to rebound
The pair found some support just below 0.93 area, and may take a pause after a long period of descend. The strong position of the USD was one of the key factors of pressure for the pair, however, the released yesterday US data gave the rise to doubts about the final result of Non-Farm Payrolls. Worse than expected labor data may help the Aussie to rebound with initial target at 0.9327 resistance.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9302, with support below at 0.9271, 0.9246 and 0.9215, with resistance above at 0.9327, 0.9358 and 0.9383. Hourly Moving Averages are bearish, with the 200SMA at 0.9388 and the daily 20EMA is bearish at 0.9380. Hourly RSI is bearish at 37.