9 Jul 2015
AUD/USD: maintains a mild positive tone – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, offers the technical outlook and key levels for AUD/USD, noting that the pair exhibits a mild short-term positive tone, but any strong advance is unlikely.
Key Quotes
“The Australian dollar surged during the Asian session, advancing up to 0.7491 against the greenback, on the back of improved inflation figures in China, up 1.4% in June, and a strong Australian job's report, showing that the country added 7.3K new jobs against expectations of a 5K decrease. The AUD/USD pair however, retreated from the high, as selling interest waits around the 0.7500 region, but maintains a mild positive tone in the short term.”
“The 1 hour chart shows that the price holds above its 20 SMA, whilst the technical indicators head slightly higher in positive territory.”
“In the 4 hours chart, the price struggles around a mild bearish 20 SMA, whilst the technical indicators aim higher, but still below their mid-lines, limiting chances of a stronger advance.”
“Support levels: 0.7440 0.7400 0.7370”
“Resistance levels: 0.7490 0.7530 0.7580”
Key Quotes
“The Australian dollar surged during the Asian session, advancing up to 0.7491 against the greenback, on the back of improved inflation figures in China, up 1.4% in June, and a strong Australian job's report, showing that the country added 7.3K new jobs against expectations of a 5K decrease. The AUD/USD pair however, retreated from the high, as selling interest waits around the 0.7500 region, but maintains a mild positive tone in the short term.”
“The 1 hour chart shows that the price holds above its 20 SMA, whilst the technical indicators head slightly higher in positive territory.”
“In the 4 hours chart, the price struggles around a mild bearish 20 SMA, whilst the technical indicators aim higher, but still below their mid-lines, limiting chances of a stronger advance.”
“Support levels: 0.7440 0.7400 0.7370”
“Resistance levels: 0.7490 0.7530 0.7580”