2 May 2014
AUD/USD tries to recover from lows at 0.9262
FXStreet (Moscow) - AUD/USD rebounded from the Asial low of 0.9262 and settled at current levels of 0.9276
Help from NFP is welcome
AUD/USD tried to get above 0.9300 but failed again. The pair lost nearly everything it had gained on Wednesday. technically it means that a longer period of consolidation in a broad range limited by 0.9300 on the upside and 0.9220 on the downside is in store for us. Aussie is under pressure in Asia as traders are positioning ahead on US N-n_farm Payroll numbers. The report is expected to show that labor market conditions have improved in April, but negative surprise might become a tong driver for USD bearish movement across the board that may help Aussie bulls to overcome 0.9300 hurdle.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9283, with support below at 0.9250, 0.9227 and 0.9194, with resistance above at 0.9306, 0.9339 and 0.9362. Hourly Moving Averages are neutral, with the 200SMA at 0.9288 and the daily 20EMA at 0.9287. Hourly RSI is bearish at 49.
Help from NFP is welcome
AUD/USD tried to get above 0.9300 but failed again. The pair lost nearly everything it had gained on Wednesday. technically it means that a longer period of consolidation in a broad range limited by 0.9300 on the upside and 0.9220 on the downside is in store for us. Aussie is under pressure in Asia as traders are positioning ahead on US N-n_farm Payroll numbers. The report is expected to show that labor market conditions have improved in April, but negative surprise might become a tong driver for USD bearish movement across the board that may help Aussie bulls to overcome 0.9300 hurdle.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9283, with support below at 0.9250, 0.9227 and 0.9194, with resistance above at 0.9306, 0.9339 and 0.9362. Hourly Moving Averages are neutral, with the 200SMA at 0.9288 and the daily 20EMA at 0.9287. Hourly RSI is bearish at 49.