5 Sep 2013
AUD/USD little changed after Aus trade balance
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last quoted at 0.9167 off NY session fresh 1-month highs at 0.9186, little changed for the current session after wider than previous Australian trade balance, showing a 4% increase in import, while flat on exports.
AUD/USD showing sings of exhaustion
“The AUD/USD is finally showing some signs of upward exhaustion, after reaching 0.9186 2-weeks high,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “In the hourly chart technical indicators eased from extreme overbought level but remain in positive territory. 20 SMA is now the immediate short term support around 0.9150, and as long as above the level, the pair may continue advancing.”
AUD/USD key technical levels
Bednarik sees support levels at: 0.9150, 0.9100 and 0.9070, while resistance levels at: 0.9170, 0.9220 and 0.9260.
AUD/USD showing sings of exhaustion
“The AUD/USD is finally showing some signs of upward exhaustion, after reaching 0.9186 2-weeks high,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “In the hourly chart technical indicators eased from extreme overbought level but remain in positive territory. 20 SMA is now the immediate short term support around 0.9150, and as long as above the level, the pair may continue advancing.”
AUD/USD key technical levels
Bednarik sees support levels at: 0.9150, 0.9100 and 0.9070, while resistance levels at: 0.9170, 0.9220 and 0.9260.