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AUD/USD pressing lower on firm greenback

FXStreet (Guatemala) - AUD/USD is trading at 0.9300, down -0.02% on the day, having posted a daily high at 0.9332 and low at 0.9293.

Yellen gave us a dovish speech without any surprises in relation to expectations of hikes from the Fed. AUD/USD has been pushed lower through the handle on a firm greenback yet again. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish. At the time of writing, RSI is neutral at 38.15, down from 44.73 at the last hour close, while ADX is ranging at 14.78, down from 28.57 previous.

AUD/USD hourly levels

With spot trading at 0.9301, we can see next resistance ahead at 0.9303 (Daily Open), 0.9303 (Hourly 200 SMA), 0.9306 (Hourly 100 SMA), 0.9310 (Hourly 20 EMA) and 0.9313 (Yesterday's High). Support below can be found at 0.9301 (Weekly Classic PP), 0.9293 (Daily Low), 0.9287 (Weekly Low), 0.9284 (Daily Classic PP) and 0.9266 (Weekly Classic S1).

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