10 Apr 2014
AUD/USD settled above new pivotal of 0.9400
FXStreet (Moscow) - AUD/USD retraced from its intraday highs of 0.9444, but it is still well above 0.9400 at 0.9413
Buyers are attracted to AUD/USD like like flies to a blue light
The pair climbed to 0.9389 on Wednesday and finally broke above the pivot - the latest in a serves - at 0/9400. The upside was triggered by the labour market report that showed that unemployment unexpectedly fell for the first time since September to 5.8% from 6.0% in February. On the longer term basis the pair needs to stay above 0.9360 on daily basis to confirm its bullish stance. From the technical point of view the downside correction is not out of the question, though a lot will depend on US weekly unemployment claims data and overall US Dollar sentiments.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9375, with support below at 0.9350, 0.9308 and 0.9283, with resistance above at 0.9414, 0.9442 and 0.9484. Hourly Moving Averages are bullish, with the 200SMA at 0.9277 and the daily 20EMA is bullish at 0.9209. Hourly RSI is bullish at 68.
Buyers are attracted to AUD/USD like like flies to a blue light
The pair climbed to 0.9389 on Wednesday and finally broke above the pivot - the latest in a serves - at 0/9400. The upside was triggered by the labour market report that showed that unemployment unexpectedly fell for the first time since September to 5.8% from 6.0% in February. On the longer term basis the pair needs to stay above 0.9360 on daily basis to confirm its bullish stance. From the technical point of view the downside correction is not out of the question, though a lot will depend on US weekly unemployment claims data and overall US Dollar sentiments.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9375, with support below at 0.9350, 0.9308 and 0.9283, with resistance above at 0.9414, 0.9442 and 0.9484. Hourly Moving Averages are bullish, with the 200SMA at 0.9277 and the daily 20EMA is bullish at 0.9209. Hourly RSI is bullish at 68.