14 Mar 2014
AUD/USD resumes the downside in Asia; 0.9000 is in sight
FXStreet (Moscow) - AUD/USD has been consolidating quietly close to the opening levels of 0.9026 before a new bout of weakness; currently, the Aussie is trying to break below 0.9010.
The Aussie bulls couldn’t break the neck
The Aussie made another a attempt to break the neckline large reversed head-and-shoulder pattern on daily charts (comes at 0.9100 area)and failed again. The bulls were really discouraged as the pair retraced much lower, but managed to close above 0.9000 support level (0.9022). It is worth mentioning that AUD/USD was one of the rare currency pairs where USD strengthened during NY hours. Assian session is rather quiet for the Aussie as there is no Australian or China data on schedule today. European calendar is also empty, but geopolitical clash over Crimea referendum might boost the volatility. Listen out for new commentaries, threats and counter threats and be very careful out there. From the technical point of view, the demand is seen on approach to 0.9000, while the first meaningful resistance comes only at 0.9100.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9041, with support below at 0.8976, 0.8921 and 0.8856, with resistance above at 0.9096, 0.9161 and 0.9216. Hourly Moving Averages are mixed, with the 200SMA at 0.89013 and the daily 20EMA at 0.8989. Hourly RSI is neutral at 44.
The Aussie bulls couldn’t break the neck
The Aussie made another a attempt to break the neckline large reversed head-and-shoulder pattern on daily charts (comes at 0.9100 area)and failed again. The bulls were really discouraged as the pair retraced much lower, but managed to close above 0.9000 support level (0.9022). It is worth mentioning that AUD/USD was one of the rare currency pairs where USD strengthened during NY hours. Assian session is rather quiet for the Aussie as there is no Australian or China data on schedule today. European calendar is also empty, but geopolitical clash over Crimea referendum might boost the volatility. Listen out for new commentaries, threats and counter threats and be very careful out there. From the technical point of view, the demand is seen on approach to 0.9000, while the first meaningful resistance comes only at 0.9100.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9041, with support below at 0.8976, 0.8921 and 0.8856, with resistance above at 0.9096, 0.9161 and 0.9216. Hourly Moving Averages are mixed, with the 200SMA at 0.89013 and the daily 20EMA at 0.8989. Hourly RSI is neutral at 44.