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30 Dec 2014
AUD/USD a sell on the rally?
FXStreet (Guatemala) - AUD/USD is trading at 0.8192, up 0.73% on the day, having posted a daily high at 0.8201 and low at 0.8122.
The markets are choppy in thin markets and spikes developing. In the AUD, we are a starting to reverse the leg up from 0.8120 and meeting supply at the highs. The gold price has also rallied $23.00 per oz spot, WTI was gaining a dollar per barrel, and the greenback is down across the board. This may be stacking up to be a sell on the rally opportunity with a phase of consolidation underway below the high.
AUD/USD noteworthy levels
With spot trading at 0.8195, we can see next resistance ahead at 0.8201, 0.8219 (Daily Classic R3), 0.8252 (Daily 20 SMA), 0.8503 (Monthly High) and 0.8784 (Daily 100 SMA). Support below can be found at 0.8192 (Daily Classic R2), 0.8165 (Weekly Classic R3), 0.8156 (Hourly 20 EMA), 0.8120 and 0.8085.
The markets are choppy in thin markets and spikes developing. In the AUD, we are a starting to reverse the leg up from 0.8120 and meeting supply at the highs. The gold price has also rallied $23.00 per oz spot, WTI was gaining a dollar per barrel, and the greenback is down across the board. This may be stacking up to be a sell on the rally opportunity with a phase of consolidation underway below the high.
AUD/USD noteworthy levels
With spot trading at 0.8195, we can see next resistance ahead at 0.8201, 0.8219 (Daily Classic R3), 0.8252 (Daily 20 SMA), 0.8503 (Monthly High) and 0.8784 (Daily 100 SMA). Support below can be found at 0.8192 (Daily Classic R2), 0.8165 (Weekly Classic R3), 0.8156 (Hourly 20 EMA), 0.8120 and 0.8085.