29 Apr 2014
AUD/USD struggling with yet more offers
FXStreet (Guatemala) - AUD/USD is trading at 0.9255, down 0.00% on the day, having posted a daily high at 0.9264 and low at 0.9252.
AUD/USD is meeting offers again after an attempt to come back off the lows post the drop from above the 0.93 handle. The week ahead has not got anything in store for the Aussie as such but it is packed with US data that will be dictating the game from here. Nonfarm payrolls at the end of the week and of course the Fed decision. There are no surprises to be expected there. “Yet is notable that the economy is finally picking up, and latest economic readings had been far from enough to interrupt the $10 billion cut of facilities as planned. Therefore, the most likely scenario is another cut down to $45B, The market will most probably show little reactions to the news as the cut along with the unknown date of rate hikes is already priced in," explained Valeria Bednarik - Chief Analyst with FXStreet.
AUD/USD Levels
Current price is 0.9255, with resistance ahead at 0.9258 (Daily Open), 0.9264 (Daily High), 0.9268 (Hourly 20 EMA), 0.9277 (Daily Classic PP)and 0.9286 (Hourly 100 SMA). Next support to the downside can be found at 0.9255 (Weekly Low), 0.9254 (Daily Classic S1), 0.9252 (Daily Low), 0.9243 (Yesterday's Low) and 0.9232 (Monthly Low).
AUD/USD is meeting offers again after an attempt to come back off the lows post the drop from above the 0.93 handle. The week ahead has not got anything in store for the Aussie as such but it is packed with US data that will be dictating the game from here. Nonfarm payrolls at the end of the week and of course the Fed decision. There are no surprises to be expected there. “Yet is notable that the economy is finally picking up, and latest economic readings had been far from enough to interrupt the $10 billion cut of facilities as planned. Therefore, the most likely scenario is another cut down to $45B, The market will most probably show little reactions to the news as the cut along with the unknown date of rate hikes is already priced in," explained Valeria Bednarik - Chief Analyst with FXStreet.
AUD/USD Levels
Current price is 0.9255, with resistance ahead at 0.9258 (Daily Open), 0.9264 (Daily High), 0.9268 (Hourly 20 EMA), 0.9277 (Daily Classic PP)and 0.9286 (Hourly 100 SMA). Next support to the downside can be found at 0.9255 (Weekly Low), 0.9254 (Daily Classic S1), 0.9252 (Daily Low), 0.9243 (Yesterday's Low) and 0.9232 (Monthly Low).