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29 Oct 2014
AUD/USD moves higher ahead of European opening
FXStreet (Moscow) - AUD/USD is climbing higher. The pair touched the Asian high at 0.8868 after having started the day at 0.8851.
Australia’s calendar remains empty. It means that investors would have to spend the day waiting for FOMC meeting. Obviously this event is the biggest card on financial markets’ dancing card this week. The tone of the statement will shape USD near-term dynamics and influence AUD/USD movements. The pair is growing within a wide range, though strong offers spotted at 0.8900 may cap the upside at least until FOMC meeting results. On the downside keep an eye at 0.8825/20 with medium demand on approach.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8845, with support below at 0.8806, 0.8756 and 0.8717, with resistance above at 0.8895, 0.8934 and 0.8984. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.8791 and the daily 20EMA flat at 0.8808. Hourly RSI is bullish at 65.
Australia’s calendar remains empty. It means that investors would have to spend the day waiting for FOMC meeting. Obviously this event is the biggest card on financial markets’ dancing card this week. The tone of the statement will shape USD near-term dynamics and influence AUD/USD movements. The pair is growing within a wide range, though strong offers spotted at 0.8900 may cap the upside at least until FOMC meeting results. On the downside keep an eye at 0.8825/20 with medium demand on approach.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.8845, with support below at 0.8806, 0.8756 and 0.8717, with resistance above at 0.8895, 0.8934 and 0.8984. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.8791 and the daily 20EMA flat at 0.8808. Hourly RSI is bullish at 65.