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9 Sep 2014
AUD/USD bears attack 0.9250 support
FXStreet (Moscow) - AUD/USD keeps close to the Asian low set at 0.9250 as bearish momentum is strong ahead of European opening
Aussie is not immune anymore
Aussie is back below 0.9300 and USD strength is to blame. The American currency has been growing steadily against most major currencies with the rare exception of AUD, but Monday’s AUD/USD dynamics has proved that Aussie is not immune. Australian business confidence indicators failed to impress the market as investors are focused on other things now, such as geopolitical risks and major USD upside trend. Later during the day keep an eye at 0.9250 . Once it is broken, the downside might extend towards the area of strong demand at 0.9230. The intraday upside may be limited by 0.9280 and 0.9300.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9311, with support below at 0.9247, 0.9212, and 0.9148 with resistance above at 0.9346, 0.9410 and 0.9445. Hourly Moving Averages are mixed, with the 200SMA bearish at 0.9334 and the daily 20EMA flat at 0.9325. Hourly RSI is bearish at 17.
Aussie is not immune anymore
Aussie is back below 0.9300 and USD strength is to blame. The American currency has been growing steadily against most major currencies with the rare exception of AUD, but Monday’s AUD/USD dynamics has proved that Aussie is not immune. Australian business confidence indicators failed to impress the market as investors are focused on other things now, such as geopolitical risks and major USD upside trend. Later during the day keep an eye at 0.9250 . Once it is broken, the downside might extend towards the area of strong demand at 0.9230. The intraday upside may be limited by 0.9280 and 0.9300.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9311, with support below at 0.9247, 0.9212, and 0.9148 with resistance above at 0.9346, 0.9410 and 0.9445. Hourly Moving Averages are mixed, with the 200SMA bearish at 0.9334 and the daily 20EMA flat at 0.9325. Hourly RSI is bearish at 17.