Back
14 Nov 2013
AUD/USD biggest loser; stuck at 0.9320
FXstreet.com (Chicago) – AUD/USD fell from 0.9324 session highs and was unable to recover throughout the session accumulating 0.37% in daily losses for a total weekly loss of 0.66%.
Missing performance
Results in the US were worse than expected confirming the no tapering from Federal Reserve side. Yellen and Bernanke’s speeches were also dovish as job market results along with the country’s economic performance is still below expectations, requiring bond-buying presence.
AUD/USD technical levels
Technically speaking, the pair is offered at 0.9319 and oscillates between the supports aligned at 0.9283 (September 30th lows), 0.9247 (August 16th highs) ahead of 0.9223 (October 11th lows) and the resistances set at 0.9342 (September 25th lows), 0.9388 (October 9th lows) followed by 0.9483 (October 9th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis with a neutral EMA20.
Missing performance
Results in the US were worse than expected confirming the no tapering from Federal Reserve side. Yellen and Bernanke’s speeches were also dovish as job market results along with the country’s economic performance is still below expectations, requiring bond-buying presence.
AUD/USD technical levels
Technically speaking, the pair is offered at 0.9319 and oscillates between the supports aligned at 0.9283 (September 30th lows), 0.9247 (August 16th highs) ahead of 0.9223 (October 11th lows) and the resistances set at 0.9342 (September 25th lows), 0.9388 (October 9th lows) followed by 0.9483 (October 9th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis with a neutral EMA20.