28 Apr 2014
AUD/USD continues decline from morning peak
FXStreet (London) - This morning saw AUD/USD climb to test the 0.9300 level in early European trading, before declining into the US session.
With a dead calendar overnight and little of interest lying ahead, the pair has been content to trade in a tight and slow 40 pip range today. With underlying volume thin and scarce, AUD/USD is currently trading at 0.9273, down -0.06% on the day, following a respective high and low at 0.9319 and 0.9268.
AUD/USD technically bearish?
Currently RSI is at 37.58, down from the last hourly print at 45.91, with ADX at 25.88, up from its previous close at 15.65. Meanwhile, daily RSI is in neutral territory at 51.22. Looking to momentum indicators, the hourly 200 SMA is currently at 0.9275, down from the last close at 0.9320 and declining. Moving with a rangebound trend, the exponential average closing price is 0.9295. The hourly AUD/USD chart is showing the 2-Standard Deviation Volatility Bandwidth is at 43 pips and expanding, while the ATR (14) is currently at 10 pips. Viewing a daily AUD/USD chart, 2-Standard Deviation Volatility Bandwidth is shrinking at 235 pips.
AUD/USD levels and patterns
With spot trading at 0.9273, we can see next resistance ahead at 0.9277 (Daily Classic PP), 0.9285 (Hourly 20 EMA), 0.9295 (Daily 20 SMA), 0.9295 (Hourly 100 SMA) and 0.9300 (Yesterday's High). Next support to the downside can be found at 0.9270 (Daily Open), 0.9268 (Daily Low), 0.9264 (Weekly Low), 0.9254 (Daily Classic S1) and 0.9253 (Yesterday's Low). Patternwise, we can see a Doji formation on the 4-hour chart.
With a dead calendar overnight and little of interest lying ahead, the pair has been content to trade in a tight and slow 40 pip range today. With underlying volume thin and scarce, AUD/USD is currently trading at 0.9273, down -0.06% on the day, following a respective high and low at 0.9319 and 0.9268.
AUD/USD technically bearish?
Currently RSI is at 37.58, down from the last hourly print at 45.91, with ADX at 25.88, up from its previous close at 15.65. Meanwhile, daily RSI is in neutral territory at 51.22. Looking to momentum indicators, the hourly 200 SMA is currently at 0.9275, down from the last close at 0.9320 and declining. Moving with a rangebound trend, the exponential average closing price is 0.9295. The hourly AUD/USD chart is showing the 2-Standard Deviation Volatility Bandwidth is at 43 pips and expanding, while the ATR (14) is currently at 10 pips. Viewing a daily AUD/USD chart, 2-Standard Deviation Volatility Bandwidth is shrinking at 235 pips.
AUD/USD levels and patterns
With spot trading at 0.9273, we can see next resistance ahead at 0.9277 (Daily Classic PP), 0.9285 (Hourly 20 EMA), 0.9295 (Daily 20 SMA), 0.9295 (Hourly 100 SMA) and 0.9300 (Yesterday's High). Next support to the downside can be found at 0.9270 (Daily Open), 0.9268 (Daily Low), 0.9264 (Weekly Low), 0.9254 (Daily Classic S1) and 0.9253 (Yesterday's Low). Patternwise, we can see a Doji formation on the 4-hour chart.