31 Jan 2014
AUD/USD is carried down by the new wave of anti-risk sentiment
FXstreet.com (Moscow) - AUD/USD started the day on a positive not and manager to move above the resistance of 0.8800 to the intraday high of 0.8822, but the bulls ran out of luck and the pair dropped to the support of 0.8780.
The Aussie fell victim to risk sentiments. Again.
The Aussie honestly tried to push higher on better than expected private sector credit data, but failed to gain good traction. AUD/USD is pressured down as the news that the Japan fund managers cut stock to raise bond allocation caused a new wave of anti-risk sentiments. Also the downside is partially related to the profit-taking at the end of the week. Most Asian markets are closed for lunar new year so the movements might be a bit exaggerated. The situation may change once the European traders join the game. The closes support level comes at 0.8750 and followed by 0.8700. The resistance is still at 0.8800.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8766, with support below at 0.7830, 0.8672 and 0.8636, with resistance above at 0.8824, 0.8860 and 0.8918. Hourly Moving Averages are bullish, with the 200SMA at 0.8778 and the daily 20EMA at 0.8844. Hourly RSI is neutral at 59.
The Aussie fell victim to risk sentiments. Again.
The Aussie honestly tried to push higher on better than expected private sector credit data, but failed to gain good traction. AUD/USD is pressured down as the news that the Japan fund managers cut stock to raise bond allocation caused a new wave of anti-risk sentiments. Also the downside is partially related to the profit-taking at the end of the week. Most Asian markets are closed for lunar new year so the movements might be a bit exaggerated. The situation may change once the European traders join the game. The closes support level comes at 0.8750 and followed by 0.8700. The resistance is still at 0.8800.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8766, with support below at 0.7830, 0.8672 and 0.8636, with resistance above at 0.8824, 0.8860 and 0.8918. Hourly Moving Averages are bullish, with the 200SMA at 0.8778 and the daily 20EMA at 0.8844. Hourly RSI is neutral at 59.