28 Apr 2014
AUD/USD bulls set their eyes at the pivotal level of 0.9300
FXStreet (Moscow) - AUD/USD bulls tested the resistance at 0.9293, but decided that the time has not come yet, so the pair retraced to its current level of 0.9272.
RBA jawboning take its toll
Aussie ended the second consecutive week in red for the firs time since mid February, but the bears stopped somewhere in the middle of 0.9200-0.9300 range and it is not quite clear whether they will gather strength and push AUD/USD lower, or lose the initiative and allow bulls to take revenge. This week is rather quiet in terms of Australian macro statistics, so the pair will be driven mostly by technical factors and risk sentiments. RBA members have been vocal about their displeasure with strong Aussie and markets are still cautious, so the AUD upside might be limited unless something terrible happens on US data front. On the intraday basis the strong demand is seen at 0.9250, the move below will trigger stops and push the pair to 0.9230/20. The resistance is seen at 0.9293/00.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9277, with support below at 0.9254, 0.9229 and 0.9206, with resistance above at 0.9302, 0.9325 and 0.9350. Hourly Moving Averages are mostly neutral, with the 200SMA at 0.9323 and the daily 20EMA at 0.9295. Hourly RSI is bullish at 51.
RBA jawboning take its toll
Aussie ended the second consecutive week in red for the firs time since mid February, but the bears stopped somewhere in the middle of 0.9200-0.9300 range and it is not quite clear whether they will gather strength and push AUD/USD lower, or lose the initiative and allow bulls to take revenge. This week is rather quiet in terms of Australian macro statistics, so the pair will be driven mostly by technical factors and risk sentiments. RBA members have been vocal about their displeasure with strong Aussie and markets are still cautious, so the AUD upside might be limited unless something terrible happens on US data front. On the intraday basis the strong demand is seen at 0.9250, the move below will trigger stops and push the pair to 0.9230/20. The resistance is seen at 0.9293/00.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9277, with support below at 0.9254, 0.9229 and 0.9206, with resistance above at 0.9302, 0.9325 and 0.9350. Hourly Moving Averages are mostly neutral, with the 200SMA at 0.9323 and the daily 20EMA at 0.9295. Hourly RSI is bullish at 51.