18 Sep 2013
AUD/USD consolidates ahead of FOMC
FXstreet.com (Córdoba) - After finding resistance at the 0.9370 area, the AUD/USD came under mild pressure and erased intraday gains.
AUD/USD unable to gather momentum
However, AUD/USD remains well within its range, unable to pick up fresh momentum ahead of the Fed monetary policy decision as investors eagerly await the central bank to unveil a clearer forward guidance. At time of writing, AUD/USD is trading around the 100-day SMA at the 0.9350 area, virtually unchanged since opening, with the latest string of US housing data going unnoticed.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find immediate resistances at 0.9370 (daily high) and the 0.9385/90 zone (Sep 16 highs). On the other hand, supports are seen at 0.9335 (daily low), 0.9285 (Sep 17 low) and 0.9250 (Sep 13 closing price).
AUD/USD unable to gather momentum
However, AUD/USD remains well within its range, unable to pick up fresh momentum ahead of the Fed monetary policy decision as investors eagerly await the central bank to unveil a clearer forward guidance. At time of writing, AUD/USD is trading around the 100-day SMA at the 0.9350 area, virtually unchanged since opening, with the latest string of US housing data going unnoticed.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find immediate resistances at 0.9370 (daily high) and the 0.9385/90 zone (Sep 16 highs). On the other hand, supports are seen at 0.9335 (daily low), 0.9285 (Sep 17 low) and 0.9250 (Sep 13 closing price).