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4 Jul 2014
AUD/USD sitting ugly mid 0.93 handle
FXStreet (Guatemala) - AUD/USD is trading at 0.9354, up 0.07% on the day, having posted a daily high at 0.9369 and low at 0.9343.
AUD/USD has remained within a tight range since finding a footing yesterday after its collapse based upon Stevens. There was no data overnight in Asia and we now move into July 4th holidays so we will need to wait until next week to see what traders will do with this pair now ahead of the FOMC minutes. We did have the RBA Head of Financial Stability, Luci Ellis speaking last night on ‘Reforming and Financing Post-crisis Future’. But this speech was more observational with no market impact. Meanwhile, the FXStreet Trend Index is strongly bearish still. RSI is in neutral territory at 55.99, up from it’s last hourly close at 40.33. Looking to a daily chart, we see that RSI is neutral at 46.53.
AUD/USD Levels
Current price is 0.9354, with resistance ahead at 0.9357 (Hourly 20 EMA), 0.9369 (Daily High), 0.9370 (Weekly Classic S1), 0.9374 (Daily Classic PP) and 0.9392 (Daily 20 SMA). Next support to the downside can be found at 0.9347 (Weekly Low), (Daily Open), 0.9343 (Daily Low), 0.9329 (Yesterday's Low) and 0.9315 (Weekly Classic S2).
AUD/USD has remained within a tight range since finding a footing yesterday after its collapse based upon Stevens. There was no data overnight in Asia and we now move into July 4th holidays so we will need to wait until next week to see what traders will do with this pair now ahead of the FOMC minutes. We did have the RBA Head of Financial Stability, Luci Ellis speaking last night on ‘Reforming and Financing Post-crisis Future’. But this speech was more observational with no market impact. Meanwhile, the FXStreet Trend Index is strongly bearish still. RSI is in neutral territory at 55.99, up from it’s last hourly close at 40.33. Looking to a daily chart, we see that RSI is neutral at 46.53.
AUD/USD Levels
Current price is 0.9354, with resistance ahead at 0.9357 (Hourly 20 EMA), 0.9369 (Daily High), 0.9370 (Weekly Classic S1), 0.9374 (Daily Classic PP) and 0.9392 (Daily 20 SMA). Next support to the downside can be found at 0.9347 (Weekly Low), (Daily Open), 0.9343 (Daily Low), 0.9329 (Yesterday's Low) and 0.9315 (Weekly Classic S2).