Back
11 Jun 2014
AUD/USD sticking to a tight range; bullish bias
FXStreet (Guatemala) - AUD/USD is trading at 0.9369, down -0.04% on the day, having posted a daily high at 0.9378 and low at 0.9364.
AUD/USD is working in a tight range still while the data today left the pair with a slight advantage towards the upside in the Westpac Consumer Confidence and the Index that improved at 0.2% and 93.2% respectively. Karen Jones, chief analyst at Commerzbank said that, she will assume while above 0.9203 an upside bias persists, only below here would introduce scope to 0.9155 and 0.9060.
AUD/USD Levels
With spot trading at 0.9369, we can see next resistance ahead at 0.9370 (Daily Classic R1), 0.9373 (Daily Open), 0.9378 (Daily High), 0.9379 (Monthly High) and 0.9383 (Daily Classic R2). Support below can be found at 0.9367 (Hourly 20 EMA), 0.9364 (Daily Low), 0.9356 (Weekly High), 0.9351 (Daily Classic PP) and 0.9341 (Yesterday's Low).
AUD/USD is working in a tight range still while the data today left the pair with a slight advantage towards the upside in the Westpac Consumer Confidence and the Index that improved at 0.2% and 93.2% respectively. Karen Jones, chief analyst at Commerzbank said that, she will assume while above 0.9203 an upside bias persists, only below here would introduce scope to 0.9155 and 0.9060.
AUD/USD Levels
With spot trading at 0.9369, we can see next resistance ahead at 0.9370 (Daily Classic R1), 0.9373 (Daily Open), 0.9378 (Daily High), 0.9379 (Monthly High) and 0.9383 (Daily Classic R2). Support below can be found at 0.9367 (Hourly 20 EMA), 0.9364 (Daily Low), 0.9356 (Weekly High), 0.9351 (Daily Classic PP) and 0.9341 (Yesterday's Low).