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29 Jan 2014
AUD/USD is at the resistance of 0.8800. To grow, or not to grow, that is the question
FXstreet.com (Moscow) - AUD/USD stopped dead at the resistance of 0.8800 after an attempt to develop the upside momentum at the Tokyo opening.
AUD/USD is waiting for FOMC decisions
The AUD/USD bulls are still trying to push the pair above 0.8800. The attempts are not too successful as the currency pair reached the intraday high at 0.8825 and retraced back to 0.8800. The AUD is pressured down due to the heightened risks of the China credit crunch and verbal interventions from RBA officials. They are jawboning the Aussie lower in order to rebalance the economy. Today the Aussie got the helping hand from the Turkish central bank rate decision, aimed at stemming the capital flight, but the bulls are hesitant to push the currency much higher before the FOMC meeting.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8774, with support below at 0.8726, 0.8676 and 0.8628, with resistance above at 0.8824, 0.8872 and 0.8922. Hourly Moving Averages are bullish, with the 200SMA at 0.8786 and the daily 20EMA at 0.8850. Hourly RSI is neutral at 59.
AUD/USD is waiting for FOMC decisions
The AUD/USD bulls are still trying to push the pair above 0.8800. The attempts are not too successful as the currency pair reached the intraday high at 0.8825 and retraced back to 0.8800. The AUD is pressured down due to the heightened risks of the China credit crunch and verbal interventions from RBA officials. They are jawboning the Aussie lower in order to rebalance the economy. Today the Aussie got the helping hand from the Turkish central bank rate decision, aimed at stemming the capital flight, but the bulls are hesitant to push the currency much higher before the FOMC meeting.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8774, with support below at 0.8726, 0.8676 and 0.8628, with resistance above at 0.8824, 0.8872 and 0.8922. Hourly Moving Averages are bullish, with the 200SMA at 0.8786 and the daily 20EMA at 0.8850. Hourly RSI is neutral at 59.