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30 May 2014
AUD/USD bull aim at 0.9330 resistance
FXStreet (Moscow) - strong offers on approach to 0.9280 caped the AUD/USD continues its upside quest as the pair opened the day at 0.9301 and set the Asian high at 0.9328.
Aussie is a star
Aussie was one of the best performers yesterday as it managed to finish the day marginally above the pivotal level of 0.9300. Australian Private Sector Credit data came out better than expected earlier today and inspired the Aussie bulls. AUD/USD has a good chance to finish the week in green and partially reverse previous losses. A firm close above 0.9300 on weekly basis will be regarded as a short-term bullish sign that may suggest a return to 0.9400. On the intraday basis, the pair will be influenced by general USD sentiments and US macroeconomic statists. We are waiting for personal income/spending data and persona consumption expenditure report (FED favored inflation measure). Positive data may support the US currency across the board and thus push AUD/USD lower. Keep an eye at 0.9300 support followed by option expiry level of 0.9290. The bears should stop here to allow for extended upside correction.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9278, with support below at 0.9240, 0.9174 and 0.9136, with resistance above at 0.9344, 0.9372 and 0.9448. Hourly Moving Averages are bullish, with the 200SMA at 0.9254 and the daily 20EMA at 0.9287. Hourly RSI is bullish at 63.
Aussie is a star
Aussie was one of the best performers yesterday as it managed to finish the day marginally above the pivotal level of 0.9300. Australian Private Sector Credit data came out better than expected earlier today and inspired the Aussie bulls. AUD/USD has a good chance to finish the week in green and partially reverse previous losses. A firm close above 0.9300 on weekly basis will be regarded as a short-term bullish sign that may suggest a return to 0.9400. On the intraday basis, the pair will be influenced by general USD sentiments and US macroeconomic statists. We are waiting for personal income/spending data and persona consumption expenditure report (FED favored inflation measure). Positive data may support the US currency across the board and thus push AUD/USD lower. Keep an eye at 0.9300 support followed by option expiry level of 0.9290. The bears should stop here to allow for extended upside correction.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9278, with support below at 0.9240, 0.9174 and 0.9136, with resistance above at 0.9344, 0.9372 and 0.9448. Hourly Moving Averages are bullish, with the 200SMA at 0.9254 and the daily 20EMA at 0.9287. Hourly RSI is bullish at 63.