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17 Mar 2014
Flash: AUD/USD more gains above 0.9100 - FXStreet
FXStreet (Córdoba) - Valeria Bednarik, chief analyst at FXStreet notes the AUD/USD presents a limited positive tone in short-term charts.
Key Quotes
"The positive mood among stocks traders is giving a nice support to Aussie, which trades near its daily high, with the hourly chart showing a strong upward momentum and RSI nearing overbought territory".
"In the same time frame, 20 SMA heads higher below current price while the 4 hours chart technical readings present a more limited positive tone, with recent highs around 0.9100 as immediate resistance level to break to gain further bullish tone".
"Support levels: 0.9040 0.9000 0.8960. Resistance levels: 0.9100 0.9130 0.9170".
Key Quotes
"The positive mood among stocks traders is giving a nice support to Aussie, which trades near its daily high, with the hourly chart showing a strong upward momentum and RSI nearing overbought territory".
"In the same time frame, 20 SMA heads higher below current price while the 4 hours chart technical readings present a more limited positive tone, with recent highs around 0.9100 as immediate resistance level to break to gain further bullish tone".
"Support levels: 0.9040 0.9000 0.8960. Resistance levels: 0.9100 0.9130 0.9170".