20 Jan 2015
AUD/USD is sidelined around 0.8180 support/resistance
FXStreet (Guatemala) - AUD/USD is currently trading at 0.8177 with a high of 0.8181 and a low of 0.81 71 and is flat on the day.
AUD/USD is settled around the 0.8180 level, consolidating the bears move from the 0.83 handle and the extended bouts of selling from 0.82 territory. We are empty on the calendar for today and the focus for the week remains with the ECB this week.
Technically, Valeria Bednarik, chief analyst at FXStreet explained and said that the, "1 hour chart shows that the price trades near its daily low of 0.8159 and below a bearish 20 SMA, albeit indicators hold in neutral territory. In the 4 hours chart, the pair is biased lower as per 20 SMA offering now dynamic resistance around 0.8215, while indicators turn south below their midlines".
AUD/USD is settled around the 0.8180 level, consolidating the bears move from the 0.83 handle and the extended bouts of selling from 0.82 territory. We are empty on the calendar for today and the focus for the week remains with the ECB this week.
Technically, Valeria Bednarik, chief analyst at FXStreet explained and said that the, "1 hour chart shows that the price trades near its daily low of 0.8159 and below a bearish 20 SMA, albeit indicators hold in neutral territory. In the 4 hours chart, the pair is biased lower as per 20 SMA offering now dynamic resistance around 0.8215, while indicators turn south below their midlines".