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17 Jul 2013
AUD/USD capped below 0.9250 so far
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last trading at 0.9240, off recent Asian session and NY session weekly highs at 0.9251/62, following Australia MI leading index m/m +0.2% coming from previous at +0.7%.
AUD/USD momentum positive
“Momentum remains positive, both from a short term and from a daily perspective and we could potentially take a look at 0.9300 and even the 11 July high at 0.9344. Above there, 0.9368 is 23.6% of 1.0580/0.8998,” said FX Charts analyst Jim Langlands, adding: “On the downside, which looks well supported in a market that is still caught short of Aud, bids should be found at around minor rising trend support at 0.9200 and below that at around 0.9170.”
AUD/USD key technical levels
Immediate support to the downside for AUD/USD lies at recent session lows 0.9231, followed by Friday's highs/NY session lows at 0.9194, and Thursday's lows/Monday's highs at 0.9117. To the upside, closest resistance shows at NY session weekly highs 0.9262, followed by Thursday's highs at 0.9307, and June 26 highs at 0.9345.
AUD/USD momentum positive
“Momentum remains positive, both from a short term and from a daily perspective and we could potentially take a look at 0.9300 and even the 11 July high at 0.9344. Above there, 0.9368 is 23.6% of 1.0580/0.8998,” said FX Charts analyst Jim Langlands, adding: “On the downside, which looks well supported in a market that is still caught short of Aud, bids should be found at around minor rising trend support at 0.9200 and below that at around 0.9170.”
AUD/USD key technical levels
Immediate support to the downside for AUD/USD lies at recent session lows 0.9231, followed by Friday's highs/NY session lows at 0.9194, and Thursday's lows/Monday's highs at 0.9117. To the upside, closest resistance shows at NY session weekly highs 0.9262, followed by Thursday's highs at 0.9307, and June 26 highs at 0.9345.