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19 May 2014
AUD/USD is listless and indecisive in mid-0.9300 range
FXStreet (Moscow) - AUD/USD is paralyzed close to its opening level as the pair started a new trading week at 0.9366 and moved marginally low to current level of 0.9361.
Time to get out of the woods
AUD/USD has been confined to relatively narrow ranges recently, as there was lack of market movers on Australia’s side. Besides, the pair practically ignored the recent noise about the sliding treasury yields due to risky nature of the aussie. However, this week may bring some interesting developments given the HSBC’s flash manufacturing PMI report from China. Another evidence of slowing growth in the second largest economy of the world, and one of the key trading partners of Australia may put the pair under pressure with initial target at 0.9325/20 support level.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9357, with support below at 0.9340, 0.9317 and 0.9300, with resistance above at 0.9380, 0.9397 and 0.9420. Hourly Moving Averages are neutral, with the 200SMA at 0.9363 and the daily 20EMA at 0.9330. Hourly RSI is bullish at 52.
Time to get out of the woods
AUD/USD has been confined to relatively narrow ranges recently, as there was lack of market movers on Australia’s side. Besides, the pair practically ignored the recent noise about the sliding treasury yields due to risky nature of the aussie. However, this week may bring some interesting developments given the HSBC’s flash manufacturing PMI report from China. Another evidence of slowing growth in the second largest economy of the world, and one of the key trading partners of Australia may put the pair under pressure with initial target at 0.9325/20 support level.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9357, with support below at 0.9340, 0.9317 and 0.9300, with resistance above at 0.9380, 0.9397 and 0.9420. Hourly Moving Averages are neutral, with the 200SMA at 0.9363 and the daily 20EMA at 0.9330. Hourly RSI is bullish at 52.