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14 Feb 2014
Aussie bulls are going to fight to the last drop of blood
FXStreet (Moscow) - AUD/USD tried to go past the resistance of 0.9000 and even set the intraday high at 0.9025, but failed to keep ground and returned below 0.9000; currently it is trading at 0.8989.
Aussie’s fate is still unclear
Aussie was badly beaten across the board yesterday. AUD/USD crashed to the lows of 0.8927 in Asia and tried to lick wounds during European and American sessions. The Aussie even ignored bad US retail sales data and retraced to 0.8987. But don’t be lulled into complacency as the bears are still strong and determined to have an upper hand. The Chinese CPI published earlier today proved that the economy of the Asian dragon has the powder in the powder horns as as the inflation came out slightly higher than expected in January, though the data may be distorted by Lunar New Year. AUD/USD, sensitive to Chinese macro statistics moved above 0.9000 but quickly returned to the range below that ominous level. In Europe the Aussie is likely to consolidate within the recent range. On the downside the support comes at 0.8960 Once it is broken the pair may fall to 0.8928. On the upside the resistance is seen at 0.9000 and followed by 0.9030.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8983, with support below at 0.8932, 8876 and 0.8825, with resistance above at 0.9039, 0.9090 and 0.9146. Hourly Moving Averages are mostly bullish, with the 200SMA at 0.8952 and the daily 20EMA at 0.8907. Hourly RSI is neutral at 54.
Aussie’s fate is still unclear
Aussie was badly beaten across the board yesterday. AUD/USD crashed to the lows of 0.8927 in Asia and tried to lick wounds during European and American sessions. The Aussie even ignored bad US retail sales data and retraced to 0.8987. But don’t be lulled into complacency as the bears are still strong and determined to have an upper hand. The Chinese CPI published earlier today proved that the economy of the Asian dragon has the powder in the powder horns as as the inflation came out slightly higher than expected in January, though the data may be distorted by Lunar New Year. AUD/USD, sensitive to Chinese macro statistics moved above 0.9000 but quickly returned to the range below that ominous level. In Europe the Aussie is likely to consolidate within the recent range. On the downside the support comes at 0.8960 Once it is broken the pair may fall to 0.8928. On the upside the resistance is seen at 0.9000 and followed by 0.9030.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8983, with support below at 0.8932, 8876 and 0.8825, with resistance above at 0.9039, 0.9090 and 0.9146. Hourly Moving Averages are mostly bullish, with the 200SMA at 0.8952 and the daily 20EMA at 0.8907. Hourly RSI is neutral at 54.