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AUD/USD boosted by poor US data - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXstreet explained that the AUD/USD stands above the 0.9300 figure, boosted by negative US data.

Key Quotes:

“Having advanced up to 0.9318, the critical resistance remains at 0.9330, and further advances will depend on the ability of price to break above it. Technically the hourly chart shows 20 SMA heading strongly up below current level, while indicators turned flat in positive territory due to the latest short term range”.

“In the 4 hours chart the pair maintains a positive tone with risk of a downward movement increasing on a break below 0.9290 immediate short term support”.

"Support levels: 0.9290 0.9260 0.9220".

"Resistance levels: 0.9330 0.9370 0.9410".

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