26 May 2014
AUD/USD is afraid to move away form its opening level
FXStreet (Moscow) - AUD/USD is sidelined in a narrow range, limited by 0.9230 on the downside and 0.9242 on the upside.
Aussie may be scared of Ukraine
The pair has been range-bound as soon as it reached area of support around 0.92. The week ahead doesn’t have anything of interest out of Australia, increasing the chances of another week of range trading with support level at 0.9214, and resistance coming at 0.9250. The only factor of note may be risk aversive moods in case of geopolitical tensions escalation due to just held elections in Ukraine.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9232, with support below at 0.9213, 0.9194 and 0.9175, with resistance above at 0.9251, 0.9275 and 0.9289. Hourly Moving Averages are mostly bearish, with the 200SMA at 0.9362 and the daily 20EMA at 0.9299. Hourly RSI is bullish at 50.
Aussie may be scared of Ukraine
The pair has been range-bound as soon as it reached area of support around 0.92. The week ahead doesn’t have anything of interest out of Australia, increasing the chances of another week of range trading with support level at 0.9214, and resistance coming at 0.9250. The only factor of note may be risk aversive moods in case of geopolitical tensions escalation due to just held elections in Ukraine.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9232, with support below at 0.9213, 0.9194 and 0.9175, with resistance above at 0.9251, 0.9275 and 0.9289. Hourly Moving Averages are mostly bearish, with the 200SMA at 0.9362 and the daily 20EMA at 0.9299. Hourly RSI is bullish at 50.