22 Jul 2014
AUD/USD consolidating while 0.9330 is key
FXStreet (Guatemala) - AUD/USD is trading at 0.9375, up 0.02% on the day, having posted a daily high at 0.9377 and low at 0.9372.
AUD/USD sits below the 0.94 handle and Valeria Bednarik, chief analyst at FXSreet is noting that the hourly chart presents a slightly bearish tone, as per price below its 20 SMA and indicators in negative territory, albeit directionless. “In the 4 hours chart price struggles to hold above its 20 SMA as indicators turned south and approach their midlines, increasing the downside pressure on a break below mentioned support. Nevertheless, the 0.9330 price zone has proved strong over the past 2 months, and it will be only with a break below it that the pair will be exposed to a stronger slide towards 0.9260 long term support”.
AUD/USD Levels
Current price is 0.9375, with resistance ahead at 0.9380 (Hourly 20 EMA) and 0.9381 (Hourly 200 SMA). Next support to the downside can be found at 0.9370 (Hourly 100 SMA), 0.9370 (Yesterday's Low) and 0.9352 (Weekly Low).
AUD/USD sits below the 0.94 handle and Valeria Bednarik, chief analyst at FXSreet is noting that the hourly chart presents a slightly bearish tone, as per price below its 20 SMA and indicators in negative territory, albeit directionless. “In the 4 hours chart price struggles to hold above its 20 SMA as indicators turned south and approach their midlines, increasing the downside pressure on a break below mentioned support. Nevertheless, the 0.9330 price zone has proved strong over the past 2 months, and it will be only with a break below it that the pair will be exposed to a stronger slide towards 0.9260 long term support”.
AUD/USD Levels
Current price is 0.9375, with resistance ahead at 0.9380 (Hourly 20 EMA) and 0.9381 (Hourly 200 SMA). Next support to the downside can be found at 0.9370 (Hourly 100 SMA), 0.9370 (Yesterday's Low) and 0.9352 (Weekly Low).