18 Jul 2014
AUD/USD stopped to think at 0.9360
FXStreet (Moscow) - AUD/USD dropped to 0.9335 early in Asia, but quickly recovered to 0.9360 as bears are spooked by strong support at 0.9330/28.
Sitting pretty
Looks like Aussie is not ready to break below 0.9330/28 support area, as even horrible news about Malaysian jet and flight to quality could not bring it lower. Though bull are in no hurry to take AUD/USD above the perceived resistance of 0.9360/70 either. Most likely Aussie will be rangebound into the end of the week, though new portion of breaking news from hot spots (Ukraine and Gaza) might change the landscape in a twinkling of an eye. From the technical point of view, the initial support is seen at intraday Asia low of 0.9336 and followed by medium demand at 0.9330/29 area. The resistance is seen at 0.9370
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9363, with support below at 0.9334, 0.9315 and 0.9286, with resistance above at 0.9382, 0.9411 and 0.9430. Hourly Moving Averages are mixed with the 200SMA at 0.9382 and the daily 20EMA at 0.9384. Hourly RSI is bullish at 51.
Sitting pretty
Looks like Aussie is not ready to break below 0.9330/28 support area, as even horrible news about Malaysian jet and flight to quality could not bring it lower. Though bull are in no hurry to take AUD/USD above the perceived resistance of 0.9360/70 either. Most likely Aussie will be rangebound into the end of the week, though new portion of breaking news from hot spots (Ukraine and Gaza) might change the landscape in a twinkling of an eye. From the technical point of view, the initial support is seen at intraday Asia low of 0.9336 and followed by medium demand at 0.9330/29 area. The resistance is seen at 0.9370
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9363, with support below at 0.9334, 0.9315 and 0.9286, with resistance above at 0.9382, 0.9411 and 0.9430. Hourly Moving Averages are mixed with the 200SMA at 0.9382 and the daily 20EMA at 0.9384. Hourly RSI is bullish at 51.