9 Jun 2014
AUD/USD settled at 0.9350 in Asia
FXStreet (Moscow) - AUD/USD started the day at 0.9337 and strengthened to 0.9353 during quiet Asian trading.
What goes up must come down
AUD/USD took off from its long-term base of 0.9200 and now slowly climbing to the upper level of the range at 0.9400 that is likely to stop the bulls for the time being. The pair has started the week on a positive note, but we need new drivers to keep bulls on track. From the fundamental point of view markets may be interested in RBA’s Glenn Stevens speech scheduled later today. Investors will be waiting for Aussie rate comments and if he sounds displeased enough, AUD/USD might tumble back at least to 0.9300/0.9280.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9337, with support below at 0.9315, 0.9295 and 0.9273, with resistance above at 0.9357, 0.9379 and 0.9399. Hourly Moving Averages are bullish with the 200SMA at 0.9282 and the daily 20EMA at 0.9292. Hourly RSI is bullish at 67.
What goes up must come down
AUD/USD took off from its long-term base of 0.9200 and now slowly climbing to the upper level of the range at 0.9400 that is likely to stop the bulls for the time being. The pair has started the week on a positive note, but we need new drivers to keep bulls on track. From the fundamental point of view markets may be interested in RBA’s Glenn Stevens speech scheduled later today. Investors will be waiting for Aussie rate comments and if he sounds displeased enough, AUD/USD might tumble back at least to 0.9300/0.9280.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9337, with support below at 0.9315, 0.9295 and 0.9273, with resistance above at 0.9357, 0.9379 and 0.9399. Hourly Moving Averages are bullish with the 200SMA at 0.9282 and the daily 20EMA at 0.9292. Hourly RSI is bullish at 67.