11 Apr 2014
AUD/USD consolidating and neutral
FXStreet (Guatemala) - AUD/USD is trading at 0.9397, down -0.17% on the day, having posted a daily high at 0.9429 and low at 0.9362.
AUD/USD is consolidating the short covering in the greenback at the end of the week. There has been very little to hold the market’s attention for this pair today, Strategists at TD Securities noted that there are likely the concerns about the April 23 CPI report starting to get market chatter going. “The RBA April meeting introduced a few dovish sentences in the communiqué so perhaps a softer tone is expressed on Tue in the minutes”.
AUD/USD Levels
With spot trading at 0.9398, we can see next resistance ahead at 0.9399 (Hourly 20 EMA), 0.9414 (Monthly High), 0.9414 (Weekly High), 0.9414 (YTD High) and 0.9415 (Daily Open). Support below can be found at 0.9374 (Weekly Classic R2), 0.9371 (Yesterday's Low), 0.9368 (Daily Classic S1), 0.9366 (Hourly 100 SMA) and 0.9362 (Daily Low). Looking to candlestick patterns, we can see a Doji formation on the 4-hour chart.
AUD/USD is consolidating the short covering in the greenback at the end of the week. There has been very little to hold the market’s attention for this pair today, Strategists at TD Securities noted that there are likely the concerns about the April 23 CPI report starting to get market chatter going. “The RBA April meeting introduced a few dovish sentences in the communiqué so perhaps a softer tone is expressed on Tue in the minutes”.
AUD/USD Levels
With spot trading at 0.9398, we can see next resistance ahead at 0.9399 (Hourly 20 EMA), 0.9414 (Monthly High), 0.9414 (Weekly High), 0.9414 (YTD High) and 0.9415 (Daily Open). Support below can be found at 0.9374 (Weekly Classic R2), 0.9371 (Yesterday's Low), 0.9368 (Daily Classic S1), 0.9366 (Hourly 100 SMA) and 0.9362 (Daily Low). Looking to candlestick patterns, we can see a Doji formation on the 4-hour chart.