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Trading news
2 Sep 2014
AUD/USD mixed although pressure has mounted
FXStreet (Barcelona) - AUD/USD is trading at 0.9272, down -0.64% on the day, having posted a daily high at 0.9339 and low at 0.9268.
AUD/USD is testing critical levels and the Market Strategy Team at UOB Group explained that the outlook for AUD remains mixed here and say this pair is expected to continue to trade between 0.9270 and 0.9375 for the coming week. Overnight, and as expected, the RBA left rates unchanged. There were no substantive changes to the statement and now we await tomorrow’s GDP.
AUD/USD hourly levels
With spot trading at 0.9272, we can see next resistance ahead at 0.9282 (Weekly Classic S1), 0.9288 (Daily Classic S3), 0.9298 (Hourly 20 EMA), 0.9305 (Daily Classic S2) and 0.9307 (Weekly Low). Support below can be found at 0.9268 (Daily Low), 0.9263 (Monthly Low), 0.9224 (Weekly Classic S2), 0.9177 (Weekly Classic S3) and 0.9176 (Daily 200 SMA).
AUD/USD is testing critical levels and the Market Strategy Team at UOB Group explained that the outlook for AUD remains mixed here and say this pair is expected to continue to trade between 0.9270 and 0.9375 for the coming week. Overnight, and as expected, the RBA left rates unchanged. There were no substantive changes to the statement and now we await tomorrow’s GDP.
AUD/USD hourly levels
With spot trading at 0.9272, we can see next resistance ahead at 0.9282 (Weekly Classic S1), 0.9288 (Daily Classic S3), 0.9298 (Hourly 20 EMA), 0.9305 (Daily Classic S2) and 0.9307 (Weekly Low). Support below can be found at 0.9268 (Daily Low), 0.9263 (Monthly Low), 0.9224 (Weekly Classic S2), 0.9177 (Weekly Classic S3) and 0.9176 (Daily 200 SMA).