28 Apr 2014
AUD/USD picking up pips off the lows
FXStreet (Guatemala) - AUD/USD is trading at 0.9250, down -0.27% on the day, having posted a daily high at 0.9319 and low at 0.9243.
AUD/USD was held up over night with a decline in iron ore prices, but that barrier was short lived and the pair rallied through the handle 0.93 and made its high before crashing back down to earth ahead of a jam packed week ahead for the US dollar. Yields have been firmer in the US with better pending homes sales data, but markets will soon be turning their attention to the Fed and the jobs data and Nonfarm Payrolls at the end of the week.
AUD/USD daily chart
Looking to a daily chart, we see that RSI is neutral at 51.22. The 200 SMA is currently at 0.9274, down from 0.9318 at the last period close, and declining on the hourly AUD/USD chart. Moving with a range-bound trend, the exponential average closing price is 0.9295.
AUD/USD chart formations
Looking at price patterns, we can see a Doji 4-hour candlestick formation.
AUD/USD Levels
Current price is 0.9254, with resistance ahead at 0.9254 (Daily Classic S1), 0.9264 (Weekly Low), 0.9270 (Daily Open), 0.9272 (Hourly 20 EMA) and 0.9277 (Daily Classic PP). Next support to the downside can be found at 0.9253 (Yesterday's Low), 0.9243 (Daily Low), 0.9232 (Monthly Low), 0.9229 (Daily Classic S2) and 0.9226 (Weekly Classic S1).
AUD/USD was held up over night with a decline in iron ore prices, but that barrier was short lived and the pair rallied through the handle 0.93 and made its high before crashing back down to earth ahead of a jam packed week ahead for the US dollar. Yields have been firmer in the US with better pending homes sales data, but markets will soon be turning their attention to the Fed and the jobs data and Nonfarm Payrolls at the end of the week.
AUD/USD daily chart
Looking to a daily chart, we see that RSI is neutral at 51.22. The 200 SMA is currently at 0.9274, down from 0.9318 at the last period close, and declining on the hourly AUD/USD chart. Moving with a range-bound trend, the exponential average closing price is 0.9295.
AUD/USD chart formations
Looking at price patterns, we can see a Doji 4-hour candlestick formation.
AUD/USD Levels
Current price is 0.9254, with resistance ahead at 0.9254 (Daily Classic S1), 0.9264 (Weekly Low), 0.9270 (Daily Open), 0.9272 (Hourly 20 EMA) and 0.9277 (Daily Classic PP). Next support to the downside can be found at 0.9253 (Yesterday's Low), 0.9243 (Daily Low), 0.9232 (Monthly Low), 0.9229 (Daily Classic S2) and 0.9226 (Weekly Classic S1).