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4 Jun 2014
AUD/USD is in retreat after a failed attempt at 0.9300
FXStreet (Moscow) - AUD/USD bullish momentum was not strong enough to get the pair above 0.9300, thus it retraced to its current level of 0.9265.
It was a good try...
AUD/USD made a good attempt at 0.9300 resistance on the back of optimistic Australian GDP numbers, but the resistance was too strong to be taken out. The pair returned to its opening levels, thus supporting the idea that Aussie bears has lined up with USD bulls and the pair might soon return to 0.9200. On the short-term basis, the first support is seen at 0.9250, once it is broken, the Aussie will extend the downside to 0.9230, while positive Non-manufacturing ISM in the USA might serve as a good trigger for the bearish breakthrough.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9261, with support below at 0.9234, 0.9201 and 0.9184, with resistance above at 0.9294, 0.9321 and 0.9354. Hourly Moving Averages are mostly bearish, with the 200SMA at 0.9259 and the daily 20EMA at 0.9287. Hourly RSI is bearish at 51.
It was a good try...
AUD/USD made a good attempt at 0.9300 resistance on the back of optimistic Australian GDP numbers, but the resistance was too strong to be taken out. The pair returned to its opening levels, thus supporting the idea that Aussie bears has lined up with USD bulls and the pair might soon return to 0.9200. On the short-term basis, the first support is seen at 0.9250, once it is broken, the Aussie will extend the downside to 0.9230, while positive Non-manufacturing ISM in the USA might serve as a good trigger for the bearish breakthrough.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9261, with support below at 0.9234, 0.9201 and 0.9184, with resistance above at 0.9294, 0.9321 and 0.9354. Hourly Moving Averages are mostly bearish, with the 200SMA at 0.9259 and the daily 20EMA at 0.9287. Hourly RSI is bearish at 51.