25 Oct 2013
AUD/USD flows flat above 0.9260
FXstreet.com (Chicago) - AUD/USD extends the trading range above the 0.9620 after bouncing off the 0.95 zone.
Data in the US
Later today, durable goods orders are expected in the US along durable goods orders ex transportation and the Reuters/ Michigan consumer sentiment index. According to Valeria Bednarik, analyst from FXstreet.com, “after a dip to 0.9570 support, the AUD/USD finally managed to regain the 0.9600 level, still far from suggesting further advances: the hourly chart shows price below its 20 SMA and indicators heading lower below their midline, while in the 4 hours chart the technical picture is also negative. Only a clear recovery above 0.9680 strong resistance level should anticipate another round of gains in the Australian dollar.”
AUD/USD Technical Levels
After bouncing off session lows yesterday, weekly bottoms, the pair extends sideways movement at Tokyo’s opening on light day for Asian data releases. The pair is offered at 0.9618 and oscillates between the supports aligned at 0.96 (October 16th lows), 0.9568 (October 16th highs) ahead of 0.9514 (October 23rd lows) and the resistances set at 0.9641 (October 22nd lows), 0.9675 (October 20th highs) followed by 0.9756 (October 22nd highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
Data in the US
Later today, durable goods orders are expected in the US along durable goods orders ex transportation and the Reuters/ Michigan consumer sentiment index. According to Valeria Bednarik, analyst from FXstreet.com, “after a dip to 0.9570 support, the AUD/USD finally managed to regain the 0.9600 level, still far from suggesting further advances: the hourly chart shows price below its 20 SMA and indicators heading lower below their midline, while in the 4 hours chart the technical picture is also negative. Only a clear recovery above 0.9680 strong resistance level should anticipate another round of gains in the Australian dollar.”
AUD/USD Technical Levels
After bouncing off session lows yesterday, weekly bottoms, the pair extends sideways movement at Tokyo’s opening on light day for Asian data releases. The pair is offered at 0.9618 and oscillates between the supports aligned at 0.96 (October 16th lows), 0.9568 (October 16th highs) ahead of 0.9514 (October 23rd lows) and the resistances set at 0.9641 (October 22nd lows), 0.9675 (October 20th highs) followed by 0.9756 (October 22nd highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.