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28 Mar 2014
Aussie is not ready to go at 0.9300 yet
FXStreet (Moscow) - AUD/USD retraced from Asian highs at 0.9294 on the back of profit taking.
AUD/USD is a star
AUD/USD is awesome this week as the pair broke two psychologically important resistance levels (0.9100 and 0.9200) and got a good chance to finish the week at new multi-month highs. Aussie, just like Kiwi was impressed by the central bank official comments. Governor Glenn Stevens mentioned this week that the domestic consumption is improving and scaled back the rate cut expectations. China’s Premier Li Keqiang added the fuel to the fire as he said that the Chinese economy is resilient enough to weather temporary difficulties. Australian economy is China dependent, so good news from the Middle Kingdom supports the Aussie. The intraday upside is likely to be limited by 0.9294, while the first support is seen at 0.9260.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9249, with support below at 0.9224, 0.9190 and 0.9165, with resistance above at 0.9283, 0.9308 and 0.9342. Hourly Moving Averages are mostly bearish, with the 200SMA at 0.9237 and the daily 20EMA at 0.9083. Hourly RSI is neutral at 38.
AUD/USD is a star
AUD/USD is awesome this week as the pair broke two psychologically important resistance levels (0.9100 and 0.9200) and got a good chance to finish the week at new multi-month highs. Aussie, just like Kiwi was impressed by the central bank official comments. Governor Glenn Stevens mentioned this week that the domestic consumption is improving and scaled back the rate cut expectations. China’s Premier Li Keqiang added the fuel to the fire as he said that the Chinese economy is resilient enough to weather temporary difficulties. Australian economy is China dependent, so good news from the Middle Kingdom supports the Aussie. The intraday upside is likely to be limited by 0.9294, while the first support is seen at 0.9260.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9249, with support below at 0.9224, 0.9190 and 0.9165, with resistance above at 0.9283, 0.9308 and 0.9342. Hourly Moving Averages are mostly bearish, with the 200SMA at 0.9237 and the daily 20EMA at 0.9083. Hourly RSI is neutral at 38.