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28 Mar 2014
AUD/USD is bound to rangebound
FXStreet (Moscow) - ">AUD/USD is drifting lower from this year highs reaching 0.9250 area by the moment.
Will need to pause
Impression from Stevens’ silence evaporated a bit, thus living the pair without new catalysts to go higher. The area of resistance around 0.93 was surrounded by strong selling interest, and given the end-of-the-week profit taking the pair has little reason to rally before the end of Friday. It retraced back to 0.9250 area at the moment, and may spent the rest of the day in consolidation.
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
Will need to pause
Impression from Stevens’ silence evaporated a bit, thus living the pair without new catalysts to go higher. The area of resistance around 0.93 was surrounded by strong selling interest, and given the end-of-the-week profit taking the pair has little reason to rally before the end of Friday. It retraced back to 0.9250 area at the moment, and may spent the rest of the day in consolidation.
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