26 Sep 2013
AUD/USD capped at 0.9360
FXstreet.com (Chicago) - AUD/USD continues trying to break through immediate resistance at 0.9360 unsuccessfully after its earlier fall.
After the release of mixed US results in the US with, notably, better than expected job market data, a bullish sentiment spreads across Wall Street. Price action reveals a primary trend pointing up but a secondary one pointing down as the Aussie remains heavy but maintains 2.5-month highs. Offered at 0.9354, the pair navigates between supports aligned at 0.9317 (September 10th highs), 0.9280 (September 12th highs) ahead of 0.9221 (September 13th lows) and resistances set at 0.9356 (September 20th lows), 0.9391 (September 23rd lows) followed by 0.9431 (September 20th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis below the EMA20.
After the release of mixed US results in the US with, notably, better than expected job market data, a bullish sentiment spreads across Wall Street. Price action reveals a primary trend pointing up but a secondary one pointing down as the Aussie remains heavy but maintains 2.5-month highs. Offered at 0.9354, the pair navigates between supports aligned at 0.9317 (September 10th highs), 0.9280 (September 12th highs) ahead of 0.9221 (September 13th lows) and resistances set at 0.9356 (September 20th lows), 0.9391 (September 23rd lows) followed by 0.9431 (September 20th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis below the EMA20.