OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD not ready to break above 0.9350/55 resistance

FXStreet (Moscow) - AUD/USD retraced from Asian high at 0.9363 and settled around current level of 0.9348 during quiet Asian hours.

Aussie’s fate is shaped by US data

On Wednesday, Aussie reversed the losses of the previous day and managed to close well above 0.9300. AUD/USD received a boost from mildly positive macroeconomic data (retail sales came out at 0.4%, in line with expectations, while trade deficit shrank), but the momentum is not strong enough to get it above the resistance area of 0.9350/55. During European hours the pair could be quiet ahead of ECB rate decision and a number of important economic reports from the USA. Watch out for the knock on effects of EUR/USD movements of the back of ECB decision. Stronger USD against EUR may put Aussie under pressure, though 0.9300 support should be able to stop the downside on the intraday basis. On the upside, should the pair manage to break above 0.9350/55, the area of strong offers at 0.9370 will come into play.

What are today’s key AUD/USD levels?

Today's central pivot point can be found at 0.9321, with support below at 0.9288, 0.9231, and 0.9198 with resistance above at 0.9378, 0.9411 and 0.9468. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.9324 and the daily 20EMA flat at 0.9322. Hourly RSI is bullish at 67.

EUR/JPY hesitant at 137.80 ahead of ECB

EUR/JPY is glued to the narrow range limited by 137.97 (Asian high) on the upside and 137.74 (Asian low) on the downside; Currently tte cross is trading at 137.80
Read more Previous

USD/JPY technically ready for correction

USD/JPY is trading within a couple of pips from the intraday low of 104.76, as investors are getting ready for a busy day.
Read more Next
Start livechat