AUD/USD unable to extend above the critical 0.9330 level - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik points out that after rising to 0.9330 early during the Asian session, AUD/USD was unable to climb further.

Key quotes

"The hourly chart shows price above its 20 SMA and indicators heading higher above their midlines, suggesting some upward potential in the pair."

"Although a break above mentioned resistance is required to confirm an advance."

"In the 4 hours chart price stands above a still bearish 20 SMA and indicators flat around their midlines which diminishes chances of a recovery."