21 Mar 2014
AUD/USD bulls are poking at 0.9060/65 resistance zone
FXStreet (Moscow) - AUD/USD is 30-pips higher after opening at 0.9036 on the back of Friday's profit-taking flows
Aussie claws back ground
AUD/USD dropped below the key level of 0.9000 and touched the low of 0.8994 on Thursday, but he move was not sustained and the pair finished the day close to its opening level at 0.9036. Technically, it means that a longer period of oscillating within a broad range is in store for us. The Asian calendar is empty today, but the Aussie is moving higher, which supports our consolidation view. The end of the week may cause some position adjustment, though we do not think these flows will have a great impact on the Aussie. The key downside level is still 0.9000. As long as AUD/USD is above it, the sideways trading will prevail. The resistance comes at 0.9095-0.9100.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9029, with support below at 0.9005, 0.8970 and 0.8946, with resistance above at 0.9064, 0.9088 and 0.9123. Hourly Moving Averages are mostly bullish, with the 200SMA at 0.9044 and the daily 20EMA at 0.9019. Hourly RSI is neutral at 60.
Aussie claws back ground
AUD/USD dropped below the key level of 0.9000 and touched the low of 0.8994 on Thursday, but he move was not sustained and the pair finished the day close to its opening level at 0.9036. Technically, it means that a longer period of oscillating within a broad range is in store for us. The Asian calendar is empty today, but the Aussie is moving higher, which supports our consolidation view. The end of the week may cause some position adjustment, though we do not think these flows will have a great impact on the Aussie. The key downside level is still 0.9000. As long as AUD/USD is above it, the sideways trading will prevail. The resistance comes at 0.9095-0.9100.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9029, with support below at 0.9005, 0.8970 and 0.8946, with resistance above at 0.9064, 0.9088 and 0.9123. Hourly Moving Averages are mostly bullish, with the 200SMA at 0.9044 and the daily 20EMA at 0.9019. Hourly RSI is neutral at 60.