1 May 2014
AUD/USD holds firm despite Chinese data miss
FXStreet (Guatemala) - AUD/USD is trading at 0.9285, down -0.02% on the day, having posted a daily high at 0.9293 and low at 0.9278.
AUD/USD was posting a loss directly on the release of the Chinese data that came in the form of the Manufacturing PMI for the month of April came at 50.4 vs 50.5 expected, however returned back within a blink of an eye and is overall unchanged at 0.9285. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
AUD/USD Levels
Current price is 0.9282, with resistance ahead at 0.9288 (Daily Open), 0.9289 (Daily 20 SMA), 0.9291 (Weekly High), 0.9293 (Daily Classic R1) and 0.9293 (Daily High). Next support to the downside can be found at 0.9280 (Hourly 20 EMA), 0.9278 (Daily Low), 0.9271 (Hourly 100 SMA), 0.9259 (Daily Classic PP) and 0.9255 (Weekly Low).
AUD/USD chart formation
Looking at price patterns, we can see a Doji 4-hour candlestick formation.
AUD/USD was posting a loss directly on the release of the Chinese data that came in the form of the Manufacturing PMI for the month of April came at 50.4 vs 50.5 expected, however returned back within a blink of an eye and is overall unchanged at 0.9285. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
AUD/USD Levels
Current price is 0.9282, with resistance ahead at 0.9288 (Daily Open), 0.9289 (Daily 20 SMA), 0.9291 (Weekly High), 0.9293 (Daily Classic R1) and 0.9293 (Daily High). Next support to the downside can be found at 0.9280 (Hourly 20 EMA), 0.9278 (Daily Low), 0.9271 (Hourly 100 SMA), 0.9259 (Daily Classic PP) and 0.9255 (Weekly Low).
AUD/USD chart formation
Looking at price patterns, we can see a Doji 4-hour candlestick formation.