8 Jul 2014
AUD/USD surrounded by risk events
FXStreet (Guatemala) - AUD/USD is trading at 0.9369, down -0.04% on the day, having posted a daily high at 0.9375 and low at 0.9369.
The week ahead is full for AUD/USD and Emmanuel Ng, FX Strategist at OCBC Bank said to expect some background wariness towards the AUD ahead of the labour market numbers on Thursday in the wake of the RBA’s latest jawboning efforts. “In the near term, we think the upside bias for the pair may have been nullified in the wake of the latest RBA jawboning with the 55-day MA (0.9337) a likely focal point in the near term ahead of the fairly ‘busy’ week ahead”. Meanwhile, the 200 SMA is currently at 0.9358, down from 0.9406 at the last period close, and declining on the hourly AUD/USD chart.
AUD/USD Levels
Spot is presently trading at 0.9369, and next resistance can be seen at 0.9374 (Daily Open), 0.9375 (Daily High), 0.9377 (Daily Classic R1), 0.9378 (Yesterday's High) and 0.9389 (Daily Classic R2). Support below can be found at 0.9369 (Daily Low), 0.9366 (Hourly 20 EMA), 0.9360 (Daily Classic PP), 0.9348 (Daily Classic S1) and 0.9347 (Weekly Low).
The week ahead is full for AUD/USD and Emmanuel Ng, FX Strategist at OCBC Bank said to expect some background wariness towards the AUD ahead of the labour market numbers on Thursday in the wake of the RBA’s latest jawboning efforts. “In the near term, we think the upside bias for the pair may have been nullified in the wake of the latest RBA jawboning with the 55-day MA (0.9337) a likely focal point in the near term ahead of the fairly ‘busy’ week ahead”. Meanwhile, the 200 SMA is currently at 0.9358, down from 0.9406 at the last period close, and declining on the hourly AUD/USD chart.
AUD/USD Levels
Spot is presently trading at 0.9369, and next resistance can be seen at 0.9374 (Daily Open), 0.9375 (Daily High), 0.9377 (Daily Classic R1), 0.9378 (Yesterday's High) and 0.9389 (Daily Classic R2). Support below can be found at 0.9369 (Daily Low), 0.9366 (Hourly 20 EMA), 0.9360 (Daily Classic PP), 0.9348 (Daily Classic S1) and 0.9347 (Weekly Low).