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4 Oct 2013
AUD/USD loses momentum below 0.9430 zone
FXstreet.com (Chicago) - AUD/USD reached 0.9460 session highs accumulating 0.37% gains so far for 1.23% weekly gains. After House Speaker Boehner triggered positive sentiments in regards to the incoming debt ceiling issue in the US, the greenback strengthened.
Short-term reaction?
The pair reveals primary and secondary trends pointing up on better than expected Australian results and RBA’s decision to maintain interest rates the same, 2.5%, until next year. In the US, Wall Street registers wins ahead of Friday’s closing while the US government shutdown continues.
AUD/USD Technical Levels
Offered at 0.9427, the pair navigates between supports aligned at 0.94 (October 2nd highs), 0.9375 (October 3rd lows) ahead of 0.9335 (October 2nd lows) and the resistances set at 0.9456 (session highs), 0.9484 (September 17th lows) followed by 0.9528 (September 18th highs). Reported as slightly bearish on one-hour timeframe analysis by the FXstreet.com trend index, the pair flows on the EMA20.
Short-term reaction?
The pair reveals primary and secondary trends pointing up on better than expected Australian results and RBA’s decision to maintain interest rates the same, 2.5%, until next year. In the US, Wall Street registers wins ahead of Friday’s closing while the US government shutdown continues.
AUD/USD Technical Levels
Offered at 0.9427, the pair navigates between supports aligned at 0.94 (October 2nd highs), 0.9375 (October 3rd lows) ahead of 0.9335 (October 2nd lows) and the resistances set at 0.9456 (session highs), 0.9484 (September 17th lows) followed by 0.9528 (September 18th highs). Reported as slightly bearish on one-hour timeframe analysis by the FXstreet.com trend index, the pair flows on the EMA20.