29 Jul 2013
AUD/USD goofing around the 0.9250 mark
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last trading around fresh session lows at 0.9254, off recent session highs at 0.9283, retracing on the back of commodities falling and lower than expected retail sales data in Japan just released.
AUD/USD directionless at the time being
“The AUD/USD stands pretty neutral according to the hourly chart, with price hovering around its 20 SMA and indicators around their midlines,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “In the 4 hours chart, technical readings are also neutral, as the price has been trading in between 0.9100 and 0.9300 for already 2 weeks, leaving the pair directionless at the time being. If something, it will be dollar weakness the one setting a trend in the pair the upcoming Wednesday.”
AUD/USD key technical levels
Bednarik finds support levels at: 09220, 0.9180 and 0.9135, while resistance levels: 0.9270, 0.9310 and 0.9350.
AUD/USD directionless at the time being
“The AUD/USD stands pretty neutral according to the hourly chart, with price hovering around its 20 SMA and indicators around their midlines,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “In the 4 hours chart, technical readings are also neutral, as the price has been trading in between 0.9100 and 0.9300 for already 2 weeks, leaving the pair directionless at the time being. If something, it will be dollar weakness the one setting a trend in the pair the upcoming Wednesday.”
AUD/USD key technical levels
Bednarik finds support levels at: 09220, 0.9180 and 0.9135, while resistance levels: 0.9270, 0.9310 and 0.9350.