26 Nov 2013
AUD/USD declines from overnight 0.9200 cap
FXstreet.com (Barcelona) - AUD/USD ranged overnight, posting a high at 0.9206, but failed to break resistance at the round number and has declined into the European open, trading at 0.9165 but still up 0.05% on the days trading.
AUD supported by RBA comments
Overnight, the RBA’s Lowe reiterated that intervention couldn’t be ruled out, and that the threshold nevertheless remains fairly high. His speech also highlighted the main economic challenge that the Australian economy now faces as it “can no longer depend on rising terms of trade and favourable demographics” to boost living standards, which will require an offsetting pick up in productivity.
What are today’s key AUD/USD levels and patterns?
Today’s central pivot point is 0.9157 with supports found at 0.9125 (S1), 0.9086 (S2) and 0.9054 (S3).
and resistances at 0.9196 (R1), 0.9228 (R2) and 0.9267 (R3). Special attention should be paid to the price range 0.9161-0.9195 where several technical levels are confluent today. A 1 day chart Hammer Candlestick patterns can also be seen.
AUD supported by RBA comments
Overnight, the RBA’s Lowe reiterated that intervention couldn’t be ruled out, and that the threshold nevertheless remains fairly high. His speech also highlighted the main economic challenge that the Australian economy now faces as it “can no longer depend on rising terms of trade and favourable demographics” to boost living standards, which will require an offsetting pick up in productivity.
What are today’s key AUD/USD levels and patterns?
Today’s central pivot point is 0.9157 with supports found at 0.9125 (S1), 0.9086 (S2) and 0.9054 (S3).
and resistances at 0.9196 (R1), 0.9228 (R2) and 0.9267 (R3). Special attention should be paid to the price range 0.9161-0.9195 where several technical levels are confluent today. A 1 day chart Hammer Candlestick patterns can also be seen.