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3 Apr 2014
AUD/USD bounced back from 0.92 support area
FXStreet (Moscow) - With AUD/USD making a daily high and low at 0.9256 and 0.9206 respectively, spot is currently trading at 0.9234, down -0.13% on the day so far, but still much better than in the morning.
Will need USD weakness
After worse than expected retail sales data, and gloomy comments of the Head of RBA Stevens the pair moved lower, but stumbled around 0.92 area. The area may become a strong support level for the near-term, as it triggered the bounce back with the Aussy regaining the momentum. It reached 0.9240 area by the moment, and is ready to go further to initial resistance at 0.9268, if US data allows the USD to weaken.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9245, with support below at 0.9225, 0.9202 and 0.9182, with resistance above at 0.9268, 0.9288 and 0.9311. Hourly Moving Averages are bearish, with the 200SMA at 0.9210 and the daily 20EMA is bullish at 0.9139. Hourly RSI is neutral at 38.
Will need USD weakness
After worse than expected retail sales data, and gloomy comments of the Head of RBA Stevens the pair moved lower, but stumbled around 0.92 area. The area may become a strong support level for the near-term, as it triggered the bounce back with the Aussy regaining the momentum. It reached 0.9240 area by the moment, and is ready to go further to initial resistance at 0.9268, if US data allows the USD to weaken.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9245, with support below at 0.9225, 0.9202 and 0.9182, with resistance above at 0.9268, 0.9288 and 0.9311. Hourly Moving Averages are bearish, with the 200SMA at 0.9210 and the daily 20EMA is bullish at 0.9139. Hourly RSI is neutral at 38.