26 Jun 2014
AUD/USD a favourite - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained how the AUD/USD recovered up to 0.9401 maintaining the ground added in the US shift.
Key Quotes:
“Commodity currencies continue to be the favorites these days, and the Aussie recovered its shine after posting a daily low of 0.9353”.
“The hourly chart shows the upward momentum prevails as indicators head higher in positive territory, while the 4 hours chart shows price struggling around its 20 SMA still not confirming a break higher”.
“Some follow through beyond 0.9420 is now required to confirm further advances, eyeing then the 0.9460 price zone”.
Key Quotes:
“Commodity currencies continue to be the favorites these days, and the Aussie recovered its shine after posting a daily low of 0.9353”.
“The hourly chart shows the upward momentum prevails as indicators head higher in positive territory, while the 4 hours chart shows price struggling around its 20 SMA still not confirming a break higher”.
“Some follow through beyond 0.9420 is now required to confirm further advances, eyeing then the 0.9460 price zone”.