AUD/USD bulls set their eyes at 0.9330 resistance

FXStreet (Moscow) - AUD/USD has settled firmly above 0.9300 as the pair touched the Asian low at 0.9309 and recovered towards 0.9324; an important resistance of 0.9330 is within reach.

Aiming at 0.9330

AUD/USD won back the losses incurred the other week as it recovered from 0.9275 to 0.9324. The key resistance area of 0.9330 is still to be taken out before the bulls can hope for an extended upside. On the downside, an important support is seen at 0.9300/90, the bears need a sustained break below to resume their trip to the South. On the intraday basis we do not expect much excitement from the Aussie, as traders might have hard time searching for catalysts this Monday. The calendar is next to empty and only US NAHB Housing market index might attract the attention today. It is expected to confirm the ongoing recovery in this important segment of American economy, which may support the Dollar for a while.

What are today’s key AUD/USD levels?

Today's central pivot point can be found at 0.9318, with support below at 0.9300, 0.9280 and 0.9262, with resistance above at 0.9338, 0.9356 and 0.9376. Hourly Moving Averages are mixed with the 200SMA bullish at 0.9292 and the daily 20EMA flat at 0.9327. Hourly RSI is bullish at 55