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25 Jul 2014
AUD/USD bulls hope to finish week above 0.9400
FXStreet (Moscow) - AUD/USD found new buyers around 0.9400 handle, they helped it to recover to current levels of 0.9412
Clinching to 0.9400
The joy of higher Australian inflation and positive Chinese PMI data proved to be short-lived as AUD/USD failed to overcome strong offers located on approach to 0.9480 and dropped to 0.94 handle on Thursday. Overall technical picture remains slightly positive as long as the pair holds above 0.9400 support, though, once broken, the downside may be extended to 0.9360 followed by strand demand on approach to 0.9350. The Aussie bulls need to clear out 0.9420/25 resistance area to get a chance to revisit 0.9480. From the fundamental point of view, keep an eye at US durable goods orders. This report is considered to be a good forward looking indicator of consumer sentiments, thus, positive figures might support USD across the board.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9435, with support below at 0.9394, 0.9368 and 0.9327, with resistance above at 0.9461, 0.9502 and 0.9528. Hourly Moving Averages are bullish with the 200SMA bullish at 0.9391 and the daily 20EMA bullish at 0.9395. Hourly RSI is bearish at 40.
Clinching to 0.9400
The joy of higher Australian inflation and positive Chinese PMI data proved to be short-lived as AUD/USD failed to overcome strong offers located on approach to 0.9480 and dropped to 0.94 handle on Thursday. Overall technical picture remains slightly positive as long as the pair holds above 0.9400 support, though, once broken, the downside may be extended to 0.9360 followed by strand demand on approach to 0.9350. The Aussie bulls need to clear out 0.9420/25 resistance area to get a chance to revisit 0.9480. From the fundamental point of view, keep an eye at US durable goods orders. This report is considered to be a good forward looking indicator of consumer sentiments, thus, positive figures might support USD across the board.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9435, with support below at 0.9394, 0.9368 and 0.9327, with resistance above at 0.9461, 0.9502 and 0.9528. Hourly Moving Averages are bullish with the 200SMA bullish at 0.9391 and the daily 20EMA bullish at 0.9395. Hourly RSI is bearish at 40.