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25 Feb 2014
AUD/USD consolidates gains above 0.9000
FXStreet (Moscow) - AUD/USD is trying to develop the upside movement after touching the Asian lows at 0.9013; currently the pair is trading at 0.9030
AUD/USD bulls are back
Well then, AUD/USD is above 0.9000 again. Aussie bulls didn’t let their chance slip through the fingers and snatched the initiative right from the bewildered bears, when the later thought they are in control. The key calendar risk event for the Aussie is capes report due on Thursday. Bad numbers may discourage buyers, though the short-term outlook remains positive as long as the pair is above 0.9000. Yuan movements caused some ripples on broader FX markets and pushed AUD/USD to current intraday lows, though the downside momentum was not sustained. Minor demand is seen at 0.9000, the mover lower will open up way to 0.8980 and then to 0.8925 where the downside is likely to be stopped. The upside will be capped by 0.9050 area.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9008, with support below at 0.8965, 0.8894 and 0.8851, with resistance above at 0.9079, 0.9122 and 0.9193. Hourly Moving Averages are mostly bullish, with the 200SMA at 0.9007 and the daily 20EMA at 0.8961. Hourly RSI is neutral at 56.
AUD/USD bulls are back
Well then, AUD/USD is above 0.9000 again. Aussie bulls didn’t let their chance slip through the fingers and snatched the initiative right from the bewildered bears, when the later thought they are in control. The key calendar risk event for the Aussie is capes report due on Thursday. Bad numbers may discourage buyers, though the short-term outlook remains positive as long as the pair is above 0.9000. Yuan movements caused some ripples on broader FX markets and pushed AUD/USD to current intraday lows, though the downside momentum was not sustained. Minor demand is seen at 0.9000, the mover lower will open up way to 0.8980 and then to 0.8925 where the downside is likely to be stopped. The upside will be capped by 0.9050 area.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9008, with support below at 0.8965, 0.8894 and 0.8851, with resistance above at 0.9079, 0.9122 and 0.9193. Hourly Moving Averages are mostly bullish, with the 200SMA at 0.9007 and the daily 20EMA at 0.8961. Hourly RSI is neutral at 56.