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21 May 2014
AUD/USD desperate to recover from Asian low of 0.9215
FXStreet (Moscow) - AUD/USD rebounded to 0.9232 after dip to 0.9215
Aussy’s consistency
The Aussy is very consistent in its move down, refreshing weekly lows every other day, and coming closer to strong area of support around 0.92. The levels were last seen in early May, and seen that time nothing significant happened with Australian, or American economy. Nevertheless, we have seen the rise of risk aversion in the credit markets recently, and it may be the key reason the pair is on the move lower at the moment. The absence of key economic events scheduled for Wednesday may leave the pair range-bounding with the initial resistance at 0.9250, and initial support at 0.9210.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9273, with support below at 0.9210, 0.9176 and 0.9113, with resistance above at 0.9303, 0.9370 and 0.9404. Hourly Moving Averages are bearish, with the 200SMA at 0.9351 and the daily 20EMA at 0.9322. Hourly RSI is bearish at 27.
Aussy’s consistency
The Aussy is very consistent in its move down, refreshing weekly lows every other day, and coming closer to strong area of support around 0.92. The levels were last seen in early May, and seen that time nothing significant happened with Australian, or American economy. Nevertheless, we have seen the rise of risk aversion in the credit markets recently, and it may be the key reason the pair is on the move lower at the moment. The absence of key economic events scheduled for Wednesday may leave the pair range-bounding with the initial resistance at 0.9250, and initial support at 0.9210.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9273, with support below at 0.9210, 0.9176 and 0.9113, with resistance above at 0.9303, 0.9370 and 0.9404. Hourly Moving Averages are bearish, with the 200SMA at 0.9351 and the daily 20EMA at 0.9322. Hourly RSI is bearish at 27.