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22 Apr 2014
AUD/USD bulls don't waste time; 0.9365 resistance in sight
FXStreet (Moscow) - AUD/USD climbed to 0.9350 after opening at 0.9326
Aussie is waiting for inflation data
AUD/USD kept in a tight range on Monday just as most other major currency pairs. Today the pair is likely to respect its intraday range limited by 0.9360/65 on the upside and 0.9300 on the downside, waiting for the inflation data published on Wednesday. According to the expectations the headline inflation will rise to 3.2% y/y from 2.7%, posting a two-year high. These expectations might keep Aussie in demand. If the upside momentum prove to be strong enough to push the pair above the resistance live of 0.9365 with minor offers on approach, the next bullish target of 0.9391 (April 17 high) will come into sight.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9330, with support below at 0.9312, 0.9295 and 0.9277, with resistance above at 0.9347, 0.9365 and 0.9382. Hourly Moving Averages are ьщыедн bullish, with the 200SMA at 0.9371 and the daily 20EMA is bullish at 0.9294. Hourly RSI is bearish at 69.
Aussie is waiting for inflation data
AUD/USD kept in a tight range on Monday just as most other major currency pairs. Today the pair is likely to respect its intraday range limited by 0.9360/65 on the upside and 0.9300 on the downside, waiting for the inflation data published on Wednesday. According to the expectations the headline inflation will rise to 3.2% y/y from 2.7%, posting a two-year high. These expectations might keep Aussie in demand. If the upside momentum prove to be strong enough to push the pair above the resistance live of 0.9365 with minor offers on approach, the next bullish target of 0.9391 (April 17 high) will come into sight.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9330, with support below at 0.9312, 0.9295 and 0.9277, with resistance above at 0.9347, 0.9365 and 0.9382. Hourly Moving Averages are ьщыедн bullish, with the 200SMA at 0.9371 and the daily 20EMA is bullish at 0.9294. Hourly RSI is bearish at 69.