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8 Sep 2014
AUD/USD is close to 0.9370 pivot
(Moscow) - AUD/USD dipped to 0.9361 early in Asia on the back of GBP/USD movement. Currently the pair has recovered towards the pivotal level of 0.9370; 0.9376/80 resistance is in sight.
Aussie bulls hold out well
Aussie gapped down at the Asian opening. The downside was caused mainly by side-effects of GBP/USD crash on new Scottish independence vote polls. Later during Asian hours AUD/USD settled marginally above current intraday lows (0.9361). ANZ August job report showed some improvement (+1/5% against +0/5% in July), but Auusie traders mostly ignored the news. The same can be said about much awaited Chinese trade balance numbers. They were mixed and failed to impress the markets. Later during the day the focus may shift onto geopolitical situation. AUD/USD dymanics will depend mostly on overall USD sentiments. From the technical point of view, keep an eye at 0.9361/60 (Asian low), once it is broken, the downside might extend towards 0.9330/20. The initial resistance is seen at 0.9376/80 and followed by 0.9400.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9371, with support below at 0.9340, 0.9300, and 0.9269 with resistance above at 0.9411, 0.9442 and 0.9482. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.9336 and the daily 20EMA bullish at 0.9330. Hourly RSI is bullish at 52.
Aussie bulls hold out well
Aussie gapped down at the Asian opening. The downside was caused mainly by side-effects of GBP/USD crash on new Scottish independence vote polls. Later during Asian hours AUD/USD settled marginally above current intraday lows (0.9361). ANZ August job report showed some improvement (+1/5% against +0/5% in July), but Auusie traders mostly ignored the news. The same can be said about much awaited Chinese trade balance numbers. They were mixed and failed to impress the markets. Later during the day the focus may shift onto geopolitical situation. AUD/USD dymanics will depend mostly on overall USD sentiments. From the technical point of view, keep an eye at 0.9361/60 (Asian low), once it is broken, the downside might extend towards 0.9330/20. The initial resistance is seen at 0.9376/80 and followed by 0.9400.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9371, with support below at 0.9340, 0.9300, and 0.9269 with resistance above at 0.9411, 0.9442 and 0.9482. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.9336 and the daily 20EMA bullish at 0.9330. Hourly RSI is bullish at 52.