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27 Aug 2014
AUD/USD sits between critical levels
FXStreet (Guatemala) - AUD/USD is trading at 0.9305, down -0.01% on the day, having posted a daily high at 0.9310 and low at 0.9301.
AUD/USD struggled at the 0.9330 early July low and moves within 10 pips on the 0.93 handle. Advances further and through 0.9330 brings about the August 19 high at 0.9343 as next challenge and along the 55 day moving average at 0.9364. Karen Jones, chief analysts at Commerzbank explained that this is expected to cap together with the help of the 0.9374 current August high, if reached at all that is. Should the current August lows at 0.9240/39 give way, the 0.9182/77 May low and 200 day moving average would be eyed”.
AUD/USD support and resistance levels
Support levels: 0.9300, 0.9260, 0.9240, 0.9220 and 0.9182/77.
Resistance levels: 0.9330, 0.9343, 0.9364, 0.9374 and 0.9410.
AUD/USD struggled at the 0.9330 early July low and moves within 10 pips on the 0.93 handle. Advances further and through 0.9330 brings about the August 19 high at 0.9343 as next challenge and along the 55 day moving average at 0.9364. Karen Jones, chief analysts at Commerzbank explained that this is expected to cap together with the help of the 0.9374 current August high, if reached at all that is. Should the current August lows at 0.9240/39 give way, the 0.9182/77 May low and 200 day moving average would be eyed”.
AUD/USD support and resistance levels
Support levels: 0.9300, 0.9260, 0.9240, 0.9220 and 0.9182/77.
Resistance levels: 0.9330, 0.9343, 0.9364, 0.9374 and 0.9410.