5 Dec 2013
AUD/USD floats above 0.9000 support
FXstreet.com (Barcelona) - Having tested key 0.9000 support yesterday, AUD/USD gradually climbed overnight, overnight to post a high at 0.9057, before declining to where it is currently trading at 0.9039, up 0.05% on the day.
AUD/USD edges off intraday resistance
Having climbed from its test of 0.9000 support yesterday, AUD/USD was capped by intraday support at 0.9055 notes Matt Bacon-Hall of FXBeat. He adds, “The 0.9055 level proved to be strong support on the way down, now selling interest can be found between 0.9050-60.” Overnight saw a worsening in the Australian Trade Balance to -AU$-529M from AU$-271M and expectations of AU$-375M.
What are today’s key AUD/USD levels?
Hourly RSI sits at 47 and is in range bound mode, while stochastics are just beneath overbought at 78. The hourly 200 SMA sits at 0.9110 and is bearish, while the daily 20 EMA is at 0.9227 and bearish too. Today’s central pivot point is found at 0.9058, with support below at 0.8973 (S1), 0.8912 (S2) and 0.8827 (S3) and resistance above at 0.9119 (R1), 0.9204 (R2) and 0.9265 (R3). The range between 0.9110-0.9114 has several key technical levels clustered today and should be paid attention to.
AUD/USD edges off intraday resistance
Having climbed from its test of 0.9000 support yesterday, AUD/USD was capped by intraday support at 0.9055 notes Matt Bacon-Hall of FXBeat. He adds, “The 0.9055 level proved to be strong support on the way down, now selling interest can be found between 0.9050-60.” Overnight saw a worsening in the Australian Trade Balance to -AU$-529M from AU$-271M and expectations of AU$-375M.
What are today’s key AUD/USD levels?
Hourly RSI sits at 47 and is in range bound mode, while stochastics are just beneath overbought at 78. The hourly 200 SMA sits at 0.9110 and is bearish, while the daily 20 EMA is at 0.9227 and bearish too. Today’s central pivot point is found at 0.9058, with support below at 0.8973 (S1), 0.8912 (S2) and 0.8827 (S3) and resistance above at 0.9119 (R1), 0.9204 (R2) and 0.9265 (R3). The range between 0.9110-0.9114 has several key technical levels clustered today and should be paid attention to.