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10 Jun 2014
AUD/USD intraday signals are positive
FXStreet (Guatemala) - AUD/USD is trading at 0.9358, up 0.02% on the day, having posted a daily high at 0.9364 and low at 0.9341.
AUD/USD climbed 20 pips on the release of both bullish Chinese and Australian data Business Confidence in Australia came unchanged at 7 during May, while business conditions worsened slightly to -1 in May from 0 in April. Meanwhile, Karen Jones, chief analyst at Commerzbank explained that the intraday signals have turned more positive and above the .9366 resistance line will target the .9460 April high. We will assume while above .9203 an upside bias persists, only below here would introduce scope to .9155 and .9060.
AUD/USD Levels
Current price is 0.9358, with resistance ahead at 0.9364 (Daily High), 0.9366 (Yesterday's High), 0.9370 (Daily Classic R1), 0.9379 (Monthly High) and 0.9383 (Daily Classic R2). Next support to the downside can be found at 0.9356 (Weekly High), 0.9356 (Daily Open), 0.9351 (Daily Classic PP), 0.9349 (Hourly 20 EMA) and 0.9341 (Daily Low).
AUD/USD climbed 20 pips on the release of both bullish Chinese and Australian data Business Confidence in Australia came unchanged at 7 during May, while business conditions worsened slightly to -1 in May from 0 in April. Meanwhile, Karen Jones, chief analyst at Commerzbank explained that the intraday signals have turned more positive and above the .9366 resistance line will target the .9460 April high. We will assume while above .9203 an upside bias persists, only below here would introduce scope to .9155 and .9060.
AUD/USD Levels
Current price is 0.9358, with resistance ahead at 0.9364 (Daily High), 0.9366 (Yesterday's High), 0.9370 (Daily Classic R1), 0.9379 (Monthly High) and 0.9383 (Daily Classic R2). Next support to the downside can be found at 0.9356 (Weekly High), 0.9356 (Daily Open), 0.9351 (Daily Classic PP), 0.9349 (Hourly 20 EMA) and 0.9341 (Daily Low).