OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD needs break of 0.9260, 0.9330 to define direction - FXStreet

FXStreet (Bali) - According to Valeria Bednarik, Chief Analyst at FXStreet, AUD/USD needs a break of either 0.9260 or 0.9330 to define its next short term direction.

Key Quotes

"The AUD/USD has been trading in a quite limited range, with the upside capped by 0.9330 strong static resistance level, as an early approach to it resulted in a quick slide right below the 0.9300 mark."

"Nevertheless the pair has shown little follow through, consolidating around the figure for most of the last session."

"Technically, the hourly chart shows a mild bearish tone coming from indicators, with price below a flat 20 SMA and indicators grinding lower below their midlines."

"In the 4 hours chart price hovers around an also flat 20 SMA while indicators lost their upward potential and turned south approaching their midlines."

"A break through 0.9260 however, is required to confirm some downward continuation, while above 0.9330 the pair can surprise with a recovery up to 0.9370 price zone."

USD/JPY reclaims 104 handle but not with conviction

USD/JPY is trading at 104.03, down -0.02% on the day, having posted a daily high at 104.09 and low at 104.01.
Read more Previous

EUR/JPY remains a bearish play below 138.79

EUR/JPY is trading at 137.27 having posted a daily high at 137.35 and low at 137.18.
Read more Next
Start livechat