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6 Aug 2014
AUD/USD pressing on key suypport at the 0.93 handle
FXStreet (Guatemala) - AUD/USD is trading at 0.9304, having posted a daily high at 0.9309 and low at 0.9303.
AUD/USD took a hit on the RBA yesterday who were suggesting that rates will now stay low for an extended period of time, after keeping rates on hold at 2.5%. Valeria Bednarik, chief analyst at FXStreet explained that the hourly chart gives us the price pressing on the psychological key support and handle, 0.93.“With 20 SMA heading strongly down above current price and indicators heading strongly down in negative territory, leaving room for a continued slide”
AUD/USD Levels
Current price is 0.9306, with resistance ahead at 0.9312 (Hourly 100 SMA), 0.9313 (Hourly 20 EMA), 0.9330, 0.9370 and 0.9420. Next support to the downside can be found at 0.9300, 0.9260 and 09220.
AUD/USD took a hit on the RBA yesterday who were suggesting that rates will now stay low for an extended period of time, after keeping rates on hold at 2.5%. Valeria Bednarik, chief analyst at FXStreet explained that the hourly chart gives us the price pressing on the psychological key support and handle, 0.93.“With 20 SMA heading strongly down above current price and indicators heading strongly down in negative territory, leaving room for a continued slide”
AUD/USD Levels
Current price is 0.9306, with resistance ahead at 0.9312 (Hourly 100 SMA), 0.9313 (Hourly 20 EMA), 0.9330, 0.9370 and 0.9420. Next support to the downside can be found at 0.9300, 0.9260 and 09220.