Back
26 Aug 2014
AUD/USD sellers in force around 0.9330 resistance - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analysts at FXStreet noted that the AUD/USD found some demand on gold strength and rising stocks.
Key Quotes:
“But sellers were stronger at critical 0.9330 resistance, and price retreated from the level. Consolidating around the 0.9300 and with the hourly chart showing price nearing a bullish 20 SMA, a few pips below current price, as indicators corrected overbought readings but stand far from suggesting further falls ahead”.
“In the 4 hours chart the technical picture is neutral, as indicators hover around their midlines with little directional potential”.
“Support levels: 0.9260 0.9220 0.9180”
“Resistance levels: 0.9330 0.9370 0.9410”
Key Quotes:
“But sellers were stronger at critical 0.9330 resistance, and price retreated from the level. Consolidating around the 0.9300 and with the hourly chart showing price nearing a bullish 20 SMA, a few pips below current price, as indicators corrected overbought readings but stand far from suggesting further falls ahead”.
“In the 4 hours chart the technical picture is neutral, as indicators hover around their midlines with little directional potential”.
“Support levels: 0.9260 0.9220 0.9180”
“Resistance levels: 0.9330 0.9370 0.9410”