27 Jun 2014
AUD/USD trading steady above hourly 20 SMA
FXStreet (Guatemala) - AUD/USD is trading at 0.9412, down -0.01% on the day, having posted a daily high at 0.9416 and low at 0.9410.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index, which is slightly bullish. Valeria Bednarik, chief analyst at FXStreet noted that the Australian dollar stands firm above the 0.9400 level against the greenback, advancing some at the beginning of the day in the US, but still below 0.9420 immediate intraday resistance. “The hourly chart shows price steady above a flat 20 SMA while indicators stand also in neutral territory, showing not much strength at the time being. In the 4 hours chart technical readings present a mild positive tone, as price is also above its 20 SMA but indicators struggle around their midlines”.
AUD/USD Levels
With spot trading at 0.9413, we can see next resistance ahead at 0.9414 (Daily Open), 0.9416 (Daily High), 0.9421 (Yesterday's High), 0.9423 (Weekly High) and 0.9427 (Daily Classic R1). Support below can be found at 0.9410 (Daily Low), 0.9406 (Hourly 20 EMA), 0.9401 (Hourly 100 SMA), 0.9396 (Yesterday's Low) and 0.9390 (Daily Classic PP).
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index, which is slightly bullish. Valeria Bednarik, chief analyst at FXStreet noted that the Australian dollar stands firm above the 0.9400 level against the greenback, advancing some at the beginning of the day in the US, but still below 0.9420 immediate intraday resistance. “The hourly chart shows price steady above a flat 20 SMA while indicators stand also in neutral territory, showing not much strength at the time being. In the 4 hours chart technical readings present a mild positive tone, as price is also above its 20 SMA but indicators struggle around their midlines”.
AUD/USD Levels
With spot trading at 0.9413, we can see next resistance ahead at 0.9414 (Daily Open), 0.9416 (Daily High), 0.9421 (Yesterday's High), 0.9423 (Weekly High) and 0.9427 (Daily Classic R1). Support below can be found at 0.9410 (Daily Low), 0.9406 (Hourly 20 EMA), 0.9401 (Hourly 100 SMA), 0.9396 (Yesterday's Low) and 0.9390 (Daily Classic PP).