18 Jun 2014
AUD/USD bears woke up and ready to act
FXStreet (Moscow) - AUD/USD dipped to 0.9326 after consolidating at the opening level of 0.9335 in Asia, as investors need to come to terms with the abrupt change of Aussie sentiments on Tuesday.
Not so fast, please
AUD/USD was one of the worst performing currencies on Tuesday as it dropped from 0.9400 at the opening to 0.9334 by the end of the day. RBA minutes revealed dovish sentiments among the policy makers. The intraday picture is clearly bearish, though the mid-term trend remains positive. Technically, the Aussie may return to the support of 0.9300 and then to 0.9230 before the growth will be resumed. The pair is likely to consolidate losses and stage some upside correction, though strong movements are unlikely before the FOMC monetary policy decision.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9358, with support below at 0.9309, 0.9281 and 0.9232, with resistance above at 0.9386, 0.9435 and 0.9463. Hourly Moving Averages are bearish with the 200SMA at 0.9371 and the daily 20EMA at 0.9338. Hourly RSI is bearish at 42.
Not so fast, please
AUD/USD was one of the worst performing currencies on Tuesday as it dropped from 0.9400 at the opening to 0.9334 by the end of the day. RBA minutes revealed dovish sentiments among the policy makers. The intraday picture is clearly bearish, though the mid-term trend remains positive. Technically, the Aussie may return to the support of 0.9300 and then to 0.9230 before the growth will be resumed. The pair is likely to consolidate losses and stage some upside correction, though strong movements are unlikely before the FOMC monetary policy decision.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9358, with support below at 0.9309, 0.9281 and 0.9232, with resistance above at 0.9386, 0.9435 and 0.9463. Hourly Moving Averages are bearish with the 200SMA at 0.9371 and the daily 20EMA at 0.9338. Hourly RSI is bearish at 42.