19 Jun 2014
AUD/USD is above 0.94 , digesting the FOMC
FXStreet (Moscow) - AUD/USD came back to the highs seen on Monday trading a notch above 0.94.
Will the Aussie goes on?
The recent Fed disappointments and rise in consumer confidence in Australia helped to stop the slide in AUD/USD which we saw developing from June, 12. From the fundamental point of view, positive data on initial jobless claims may support the US Dollar across the board. Also keep an eye on US Philadelphia FED Manufacturing Survey as they serve as an early indication of economy recovery, and the market need to believe in USD again.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9381, with support below at 0.9347, 0.9287 and 0.9253, with resistance above at 0.9441, 0.9475 and 0.9535. Hourly Moving Averages are bullish, with the 200SMA at 0.9374 and the daily 20EMA is flat at 0.9345. Hourly RSI is bullish at 72.
Will the Aussie goes on?
The recent Fed disappointments and rise in consumer confidence in Australia helped to stop the slide in AUD/USD which we saw developing from June, 12. From the fundamental point of view, positive data on initial jobless claims may support the US Dollar across the board. Also keep an eye on US Philadelphia FED Manufacturing Survey as they serve as an early indication of economy recovery, and the market need to believe in USD again.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9381, with support below at 0.9347, 0.9287 and 0.9253, with resistance above at 0.9441, 0.9475 and 0.9535. Hourly Moving Averages are bullish, with the 200SMA at 0.9374 and the daily 20EMA is flat at 0.9345. Hourly RSI is bullish at 72.