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20 Mar 2014
AUD/USD bears are getting ready for 0.9000 assault
FXStreet (Moscow) - AUD/USD bears pushed the pair to the bespoke support of 0.9000, but the fresh demand nested there caused the profit-taknig and helped the Aussie to return to 0.9017.
Aussie is in depression
Aussie bulls failed to keep ground and AUD/USD dropped below the pivotal level of 0.9100. It means that we witnessed just another false break of the neckline. The hawkish FOMC statement was a catalyst for US Dollar rise across the board late in NY session on Wednesday. Australia’s calendar is quiet again, but AUD/USD is under selling pressure due to technical factors and a new wave on anti-risk sentiments. The pair has already touched an important 0.9000 support but the bears need stronger incentives to push lower. The pair may be bought on dips to this level with the first aim at 0.9030. Once this resistance is broken, the upside may accelerate to 0.9050.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9067, with support below at 0.8995, 0.8947 and 0.8875, with resistance above at 0.9115, 0.9187 and 0.9235. Hourly Moving Averages are bearish, with the 200SMA at 0.9046 and the daily 20EMA at 0.9017. Hourly RSI is neutral at 28.
Aussie is in depression
Aussie bulls failed to keep ground and AUD/USD dropped below the pivotal level of 0.9100. It means that we witnessed just another false break of the neckline. The hawkish FOMC statement was a catalyst for US Dollar rise across the board late in NY session on Wednesday. Australia’s calendar is quiet again, but AUD/USD is under selling pressure due to technical factors and a new wave on anti-risk sentiments. The pair has already touched an important 0.9000 support but the bears need stronger incentives to push lower. The pair may be bought on dips to this level with the first aim at 0.9030. Once this resistance is broken, the upside may accelerate to 0.9050.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9067, with support below at 0.8995, 0.8947 and 0.8875, with resistance above at 0.9115, 0.9187 and 0.9235. Hourly Moving Averages are bearish, with the 200SMA at 0.9046 and the daily 20EMA at 0.9017. Hourly RSI is neutral at 28.