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11 Sep 2013
AUD/USD finally eases below 0.93
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last quoted at 0.9293 off recent session lows at 0.9284 printed on the back of US president Barack Obama speech on Syria, despite better than expected Australian Westpac consumer confidence data released earlier in the session.
AUD/USD presents strong bullish tone
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, the AUD/USD is: “just trading below July high of 0.9315 but maintaining the overall positive tone. The hourly chart shows 20 SMA acting as dynamic support currently around 0.9280, and leading the way higher, while indicators head north in positive territory, suggesting more gains ahead. In the 4 hours chart indicators present a strong bullish tone despite in overbought territory, supporting the shorter term view.”
AUD/USD key technical levels
Bednarik sees support levels at: 0.9280, 0.9250 and 0.9220, while resistance levels at: 0.9315, 0.9345 and 0.9380.
AUD/USD presents strong bullish tone
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, the AUD/USD is: “just trading below July high of 0.9315 but maintaining the overall positive tone. The hourly chart shows 20 SMA acting as dynamic support currently around 0.9280, and leading the way higher, while indicators head north in positive territory, suggesting more gains ahead. In the 4 hours chart indicators present a strong bullish tone despite in overbought territory, supporting the shorter term view.”
AUD/USD key technical levels
Bednarik sees support levels at: 0.9280, 0.9250 and 0.9220, while resistance levels at: 0.9315, 0.9345 and 0.9380.