16 Jun 2015
AUD/USD: losing upward momentum – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, gives the technical outlook and key levels for AUD/USD.
Key Quotes
“The AUD/USD pair trades within a familiar range this Tuesday, finding buyers on deeps towards the 0.7700 region, but contained blow 0.7780 a strong resistance level.”
“The 1 hour chart shows that the price is advancing towards a bearish 20 SMA, whilst the technical indicators head higher below their mid-lines, suggesting there's not enough upward momentum to confirm additional advances.”
“In the 4 hours chart, the price is trading between horizontal moving averages, whilst the technical indicators are bouncing from their mid-lines, helping at least, to keep the downside limited.”
“Support levels: 0.7740 0.7700 0.7660”
“Resistance levels: 0.7780 0.7830 0.7880”
Key Quotes
“The AUD/USD pair trades within a familiar range this Tuesday, finding buyers on deeps towards the 0.7700 region, but contained blow 0.7780 a strong resistance level.”
“The 1 hour chart shows that the price is advancing towards a bearish 20 SMA, whilst the technical indicators head higher below their mid-lines, suggesting there's not enough upward momentum to confirm additional advances.”
“In the 4 hours chart, the price is trading between horizontal moving averages, whilst the technical indicators are bouncing from their mid-lines, helping at least, to keep the downside limited.”
“Support levels: 0.7740 0.7700 0.7660”
“Resistance levels: 0.7780 0.7830 0.7880”