Back
28 Jul 2014
AUD/USD finds 0.94 handle but not convinced
FXStreet (Guatemala) - AUD/USD is trading at 0.9409, up 0.14% on the day, having posted a daily high at 0.9416 and low at 0.9383.
AUD/USD has managed to reclaim the 0.94 handle, however, the Market Strategy Team at UOB Group suggest that there is no change to bullish view. “The pullback from the high yesterday is likely part of a short-term consolidation phase. Expect any further pullback to hold above the key support at 0.9360 and the target for the next 1-2 weeks is at 0.9505."
AUD/USD hourly near term Levels
Spot is presently trading at 0.9409, and next resistance can be seen at 0.9410 (Weekly Classic PP), 0.9416 (Daily High) and 0.9419 (Hourly 100 SMA). Next support to the downside can be found at 0.9403 (Hourly 20 EMA), 0.9395 (Daily 20 SMA) and 0.9380/60.
AUD/USD has managed to reclaim the 0.94 handle, however, the Market Strategy Team at UOB Group suggest that there is no change to bullish view. “The pullback from the high yesterday is likely part of a short-term consolidation phase. Expect any further pullback to hold above the key support at 0.9360 and the target for the next 1-2 weeks is at 0.9505."
AUD/USD hourly near term Levels
Spot is presently trading at 0.9409, and next resistance can be seen at 0.9410 (Weekly Classic PP), 0.9416 (Daily High) and 0.9419 (Hourly 100 SMA). Next support to the downside can be found at 0.9403 (Hourly 20 EMA), 0.9395 (Daily 20 SMA) and 0.9380/60.