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FXStreet (Moscow) - AUD/USD recovered to 0.9325 after a fit towards 0.9315 early in Europe.
Aussie is a technical play
AUD/USD recovered from 0.9300 support during Asian hours due to reported demand from Japanese investors, though the upside has stalled on approach to 0.9330 resistance that is vital for further bullish developments. As the economic calendar is empty today, the technical factors will define the fate of the Aussie ahead of Janet Yellen's speech on labour market conditions later today. The initial support is seen at 0.9300 with medium demand on approach. Once it is broken, the pair may dip to 0.9284/80. The upside is limited by 0.9330/35 resistance zone.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9284, with support below at 0.9256, 0.9208, and 0.9180, with resistance above at 0.9332, 0.9360 and 0.9408. Hourly Moving Averages are bullish, with the 200SMA at 0.9301 and the daily 20EMA bearish at 0.9320. Hourly RSI is bullish at 65.
22 Aug 2014
AUD/USD hesitant on approach to 0.9330 resistance
FXStreet (Moscow) - AUD/USD recovered to 0.9325 after a fit towards 0.9315 early in Europe.
Aussie is a technical play
AUD/USD recovered from 0.9300 support during Asian hours due to reported demand from Japanese investors, though the upside has stalled on approach to 0.9330 resistance that is vital for further bullish developments. As the economic calendar is empty today, the technical factors will define the fate of the Aussie ahead of Janet Yellen's speech on labour market conditions later today. The initial support is seen at 0.9300 with medium demand on approach. Once it is broken, the pair may dip to 0.9284/80. The upside is limited by 0.9330/35 resistance zone.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9284, with support below at 0.9256, 0.9208, and 0.9180, with resistance above at 0.9332, 0.9360 and 0.9408. Hourly Moving Averages are bullish, with the 200SMA at 0.9301 and the daily 20EMA bearish at 0.9320. Hourly RSI is bullish at 65.