14 Jul 2014
AUD/USD with a weak tone short term - FXStreet
FXStreet (Bali) - Valeria Bednarik, Chief Analyst at FXStreet, notes that the AUD/USD presents a weak tone in the short term.
Key Quotes
"The AUD/USD presents a weak tone in the short term, gapping lower in the opening, with price below moving averages and indicators heading lower in negative territory as seen in the hourly chart."
"In the 4 hours one, a mild bearish tone is also present, yet 200 EMA stands at 0.9370 a strong static support level, reinforcing its strength."
"A break below it may see the pair approaching 0.9330 area, while only above 0.9420 the pair may regain its upward strength, eyeing then 0.9460."
Key Quotes
"The AUD/USD presents a weak tone in the short term, gapping lower in the opening, with price below moving averages and indicators heading lower in negative territory as seen in the hourly chart."
"In the 4 hours one, a mild bearish tone is also present, yet 200 EMA stands at 0.9370 a strong static support level, reinforcing its strength."
"A break below it may see the pair approaching 0.9330 area, while only above 0.9420 the pair may regain its upward strength, eyeing then 0.9460."