Back
7 Aug 2014
AUD/USD supported at key daily low, 0.9259
FXStreet (Guatemala) - AUD/USD is trading at 0.9273, down -0.86% on the day, having posted a daily high at 0.9360 and low at 0.9259.
AUD/USD has been heavy since the jobs data that disappointed the markets expectations and Valeria Bednarik, chief analyst at FXStreet explained that the hourly chart shows 20 SMA with a strong bearish slope above current price, while indicators corrected higher on their own, without price following, usually a sign of increasing bearish potential. "In the 4 hours chart the technical picture supports a downward continuation with a price acceleration below 0.9260 exposing the 0.9200 price zone. To the upside, 0.9300 is the immediate resistance, with sellers probably surging on approaches to 0.9330 price zone".
AUD/USD Levels
With spot trading at 0.9272, we can see next resistance ahead at 0.9284 (Hourly 20 EMA), 0.9305 (Daily Classic S1), 9330and 0.9370 . Support below can be found at 0.9259 (Low), 0.9220 and 0.9180.
AUD/USD has been heavy since the jobs data that disappointed the markets expectations and Valeria Bednarik, chief analyst at FXStreet explained that the hourly chart shows 20 SMA with a strong bearish slope above current price, while indicators corrected higher on their own, without price following, usually a sign of increasing bearish potential. "In the 4 hours chart the technical picture supports a downward continuation with a price acceleration below 0.9260 exposing the 0.9200 price zone. To the upside, 0.9300 is the immediate resistance, with sellers probably surging on approaches to 0.9330 price zone".
AUD/USD Levels
With spot trading at 0.9272, we can see next resistance ahead at 0.9284 (Hourly 20 EMA), 0.9305 (Daily Classic S1), 9330and 0.9370 . Support below can be found at 0.9259 (Low), 0.9220 and 0.9180.