15 Jul 2014
AUD/USD needs a break out of 0.9370/20
FXStreet (Guatemala) - <a href="http://www.fxstreet.com/technical-studies/currencies/audusd/">AUD/USD is trading at 0.9392, down -0.01% on the day, having posted a daily high at 0.9396 and low at 0.9391.
Valeria Bednarik, chief analyst at FXStreet explained that with no changes, the AUD/USD stands right below the 0.9400 figure, having shown little progress all through the US day, confined to a tight 30 pips range. “Technical readings in the hourly chart are neutral, with moving averages horizontal right above current price, reflecting the lack of direction in the pair, while the 4 hours chart shows a slightly bullish tone coming from indicators, still quite weak”. She went onto to remind us that either a break above 0.9420 or below 0.9370 is required to set a more directional move in the pair.
AUD/USD Levels
With spot trading at 0.9393, we can see next resistance ahead is at 0.9396 (Daily High). Near term support below can be found at 0.9392 (Daily Classic PP), (Daily 20 SMA), 0.9391 (Daily Low), 0.9387 (Hourly 200 SMA) and 0.9377 (Yesterday's Low).
Valeria Bednarik, chief analyst at FXStreet explained that with no changes, the AUD/USD stands right below the 0.9400 figure, having shown little progress all through the US day, confined to a tight 30 pips range. “Technical readings in the hourly chart are neutral, with moving averages horizontal right above current price, reflecting the lack of direction in the pair, while the 4 hours chart shows a slightly bullish tone coming from indicators, still quite weak”. She went onto to remind us that either a break above 0.9420 or below 0.9370 is required to set a more directional move in the pair.
AUD/USD Levels
With spot trading at 0.9393, we can see next resistance ahead is at 0.9396 (Daily High). Near term support below can be found at 0.9392 (Daily Classic PP), (Daily 20 SMA), 0.9391 (Daily Low), 0.9387 (Hourly 200 SMA) and 0.9377 (Yesterday's Low).