17 Jun 2014
AUD/USD losing 0.94 handle ahead of minutes
FXStreet (Guatemala) - AUD/USD is trading at 0.9394, down -0.05% on the day, having posted a daily high at 0.9406 and low at 0.9396.
AUD/USD has dropped the 0.94 handle whileVal Bednarik, Chief analyst at FXStreet, explained that in the 4 hours chart the technical picture is neutral. She notes that the bulls are still ruling the pair, but said a downward corrective movement possible in the short term: “Below 0.9370, the pair may fall down to 0.9330 before regaining ground”. Elsewhere, the main potential market moving event in the week ahead will be the upcoming FOMC meeting.
AUD/USD Levels
Current price is 0.9397, with resistance ahead at 0.9401 (Daily Open), 0.9402 (Daily Classic PP), 0.9406 (Daily High) and 0.9419 (Yesterday's High). Next support to the downside can be found at 0.9396 (Daily Low), 0.9395 (Hourly 100 SMA), 0.9391 (Weekly Classic PP), 0.9374 (Daily Classic S1) and 0.9373 (Yesterday's Low).
AUD/USD has dropped the 0.94 handle whileVal Bednarik, Chief analyst at FXStreet, explained that in the 4 hours chart the technical picture is neutral. She notes that the bulls are still ruling the pair, but said a downward corrective movement possible in the short term: “Below 0.9370, the pair may fall down to 0.9330 before regaining ground”. Elsewhere, the main potential market moving event in the week ahead will be the upcoming FOMC meeting.
AUD/USD Levels
Current price is 0.9397, with resistance ahead at 0.9401 (Daily Open), 0.9402 (Daily Classic PP), 0.9406 (Daily High) and 0.9419 (Yesterday's High). Next support to the downside can be found at 0.9396 (Daily Low), 0.9395 (Hourly 100 SMA), 0.9391 (Weekly Classic PP), 0.9374 (Daily Classic S1) and 0.9373 (Yesterday's Low).