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30 Jul 2014
AUD/USD next stop 0.9250?
FXStreet (Guatemala) - AUD/USD is trading at 0.9313, down -0.75% on the day, having posted a daily high at 0.9390 and low at 0.9309.
After the positive rebound in the US GDP that dragged US yields higher and the dollar into overbought territory, AUD/USD is through the 0.9320 support, pressing on the 100 DMA. The hourly FXStreet OB/OS Index is showing extremely oversold conditions, alongside the FXStreet Trend Index which is slightly bearish. At the time of writing, RSI is neutral at 22.81, up from 14.69 at the last hour close, while ADX is trending at 47.33, up from 43.97 previous. Meanwhile, daily RSI is in neutral territory at 49.08 and the next target might be 0.9250 (May into June lows) which should offer some strong support.
AUD/USD Levels
With spot trading at 0.9313, we can see next resistance ahead at 0.9316 (Daily 100 SMA), 0.9320 (Daily Classic S3), 0.9344 (Weekly Classic S1) and 0.9347 (Daily Classic S2). Support below can be found at 0.9309 (Daily Low), 0.9292 (Weekly Classic S2), 0.9226 (Weekly Classic S3), 0.9189 (Daily 200 SMA), 0.9150 and 0.8698 (Annual Low).
After the positive rebound in the US GDP that dragged US yields higher and the dollar into overbought territory, AUD/USD is through the 0.9320 support, pressing on the 100 DMA. The hourly FXStreet OB/OS Index is showing extremely oversold conditions, alongside the FXStreet Trend Index which is slightly bearish. At the time of writing, RSI is neutral at 22.81, up from 14.69 at the last hour close, while ADX is trending at 47.33, up from 43.97 previous. Meanwhile, daily RSI is in neutral territory at 49.08 and the next target might be 0.9250 (May into June lows) which should offer some strong support.
AUD/USD Levels
With spot trading at 0.9313, we can see next resistance ahead at 0.9316 (Daily 100 SMA), 0.9320 (Daily Classic S3), 0.9344 (Weekly Classic S1) and 0.9347 (Daily Classic S2). Support below can be found at 0.9309 (Daily Low), 0.9292 (Weekly Classic S2), 0.9226 (Weekly Classic S3), 0.9189 (Daily 200 SMA), 0.9150 and 0.8698 (Annual Low).