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2 Oct 2013
AUD/USD still below 0.94; above EMA20
FXstreet.com (Chicago) - AUD/USD remains capped around the 0.9390 zone despite trying to break above the 0.94 zone after a reversal consolidation from session lows. With a still unresolved political situation in the US, the pair edges higher.
Recovering Aussie
Ahead of AiG performance of services index and Bernanke’s speech, the pair remains within boundaries found yesterday. Printing higher highs and lows, the pair attempts to regains early losses but remains below the 0.94 zone. With a 0.75% weekly gain, the pair gives in 0.14% pips today recovering most losses incurred at the beginning of Asia’s session on weaker than expected Australian data.
AUD/USD Technical Levels
Price action reveals the pair attempts to consolidate a reversal after hitting 0.9333 session lows. Offered at 0.9382, the pair navigates between supports aligned at 0.9363 (September 17th highs) that if violated, will face 0.9316 (September 10th highs) followed by 0.9274 (September 11th lows) and the resistances set at 0.9416 (September 24th highs), 0.9460 (September 22nd highs) ahead of 0.9527 (September 19th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
Recovering Aussie
Ahead of AiG performance of services index and Bernanke’s speech, the pair remains within boundaries found yesterday. Printing higher highs and lows, the pair attempts to regains early losses but remains below the 0.94 zone. With a 0.75% weekly gain, the pair gives in 0.14% pips today recovering most losses incurred at the beginning of Asia’s session on weaker than expected Australian data.
AUD/USD Technical Levels
Price action reveals the pair attempts to consolidate a reversal after hitting 0.9333 session lows. Offered at 0.9382, the pair navigates between supports aligned at 0.9363 (September 17th highs) that if violated, will face 0.9316 (September 10th highs) followed by 0.9274 (September 11th lows) and the resistances set at 0.9416 (September 24th highs), 0.9460 (September 22nd highs) ahead of 0.9527 (September 19th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.