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7 Jul 2014
AUD/USD is back to the opening level
FXStreet (Moscow) - AUD/USD recovered from the Asian low of 0.9341 and settled at 0.9358 after opening the day at 0.9359.
A short respite
AUD/USD bears paused for a while on Friday as the pair rebounded from Thursday’s low of 0.9328 and finished the week at 0.9363, with total weekly loss of nearly 60 pips. As Australian economic calendar is light at the beginning of the week, markets are likely to position ahead of AU labour market report scheduled for Thursday. Some corrective rebound is quite possible, though investors might fell like selling Aussie on growth. Today the upside correction might be capped by medium offers at 0.9375/80, while the downside will be limited by 55-DMA at 0.9337 followed by the area of medium demand at 0.9320.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9360, with support below at 0.9348, 0.9331 and 0.9319, with resistance above at 0.9377, 0.9389 and 0.9406. Hourly Moving Averages are mostly bearish with the 200SMA at 0.9406 and the daily 20EMA at 0.9389. Hourly RSI is bearish at 48.
A short respite
AUD/USD bears paused for a while on Friday as the pair rebounded from Thursday’s low of 0.9328 and finished the week at 0.9363, with total weekly loss of nearly 60 pips. As Australian economic calendar is light at the beginning of the week, markets are likely to position ahead of AU labour market report scheduled for Thursday. Some corrective rebound is quite possible, though investors might fell like selling Aussie on growth. Today the upside correction might be capped by medium offers at 0.9375/80, while the downside will be limited by 55-DMA at 0.9337 followed by the area of medium demand at 0.9320.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9360, with support below at 0.9348, 0.9331 and 0.9319, with resistance above at 0.9377, 0.9389 and 0.9406. Hourly Moving Averages are mostly bearish with the 200SMA at 0.9406 and the daily 20EMA at 0.9389. Hourly RSI is bearish at 48.