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15 May 2014
AUD/USD is recovering from early losses
FXStreet (Moscow) - AUD/USD returned to 0.9377 after moving to current Asian low of 0.9360.
Not rebellious enough
Aussie attempts to break above 0.9400 early on Wednesday failed, but AUD/USD still managed to close with gains at 0.9376. The short-term picture implies more consolidation for Aussie within its recent range limited by 0.9400 on the upside and 0.9310/00 on the downside. We need a sustained breakthrough in either direction to get the pair out of its horizontal channel. On the intraday basis, AUD/USD will be influenced by USD sentiments. April CPI in US and Philly FED may shape the investors mood today. Stronger USD across the board will push AUD/USD to the lower side of its range.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9381, with support below at 0.9352, 0.9324 and 0.9295, with resistance above at 0.9409, 0.9438 and 0.9466. Hourly Moving Averages are mostly bearish, with the 200SMA at 0.9344 and the daily 20EMA at 0.9323. Hourly RSI is bearish at 43.
Not rebellious enough
Aussie attempts to break above 0.9400 early on Wednesday failed, but AUD/USD still managed to close with gains at 0.9376. The short-term picture implies more consolidation for Aussie within its recent range limited by 0.9400 on the upside and 0.9310/00 on the downside. We need a sustained breakthrough in either direction to get the pair out of its horizontal channel. On the intraday basis, AUD/USD will be influenced by USD sentiments. April CPI in US and Philly FED may shape the investors mood today. Stronger USD across the board will push AUD/USD to the lower side of its range.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9381, with support below at 0.9352, 0.9324 and 0.9295, with resistance above at 0.9409, 0.9438 and 0.9466. Hourly Moving Averages are mostly bearish, with the 200SMA at 0.9344 and the daily 20EMA at 0.9323. Hourly RSI is bearish at 43.