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5 Jun 2014
AUD/USD is no mood to leave the range
FXStreet (Moscow) - AUD/USD recovered from early Asian losses, but bullish momentum is too weak to hope for major breakthrough
Aussie just wants to rest a little
AUD/USD continues to oscillate within a broad short-term range limited by 0.9200 on the downside and 0.9300 on the upside. Now that the key Australian macroeconomic events of the week are out of the way, the pair will remain at the mercy of USD-related sentiments and technical factors. There are no major publications in the US today, though ECB meeting might trigger a good deal of volatility and produce knock-on effects on Aussie. From the technical point of view, major stops are spotted below 0.9220, a break below will open the way to 0.9200. On the upside the resistance is seen at 0.9290/00 with offers on approach
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9276, with support below at 0.9252, 0.9228 and 0.9204, with resistance above at 0.9300, 0.9323 and 0.9348. Hourly Moving Averages are mostly neutral, with the 200SMA at 0.9263 and the daily 20EMA at 0.9287. Hourly RSI is bullish at 51.
Aussie just wants to rest a little
AUD/USD continues to oscillate within a broad short-term range limited by 0.9200 on the downside and 0.9300 on the upside. Now that the key Australian macroeconomic events of the week are out of the way, the pair will remain at the mercy of USD-related sentiments and technical factors. There are no major publications in the US today, though ECB meeting might trigger a good deal of volatility and produce knock-on effects on Aussie. From the technical point of view, major stops are spotted below 0.9220, a break below will open the way to 0.9200. On the upside the resistance is seen at 0.9290/00 with offers on approach
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9276, with support below at 0.9252, 0.9228 and 0.9204, with resistance above at 0.9300, 0.9323 and 0.9348. Hourly Moving Averages are mostly neutral, with the 200SMA at 0.9263 and the daily 20EMA at 0.9287. Hourly RSI is bullish at 51.