Back
22 Apr 2014
AUD/USD steady around 0.9365
FXStreet (Córdoba) - The AUD/USD printed a fresh high at 0.9377 but then pulled back and during the American session remained steady, hovering around 0.9365 consolidating gains.
The Aussie is having the best day in more than a week against the US dollar as it trades up 0.40% for the day.
Technical outlook for AUD/USD
According to Valeria Bednarik, Chief Analyst at FXStreet the hourly chart shows price steady above “a bullish 20 SMA and indicators losing upward strength above their midlines”.
“In the 4 hours chart the technical picture is pretty bullish, which supports a test of the 0.9400 level for the upcoming session, moreover if Australian inflation readings surge above expected”, says Bednarik.
The Aussie is having the best day in more than a week against the US dollar as it trades up 0.40% for the day.
Technical outlook for AUD/USD
According to Valeria Bednarik, Chief Analyst at FXStreet the hourly chart shows price steady above “a bullish 20 SMA and indicators losing upward strength above their midlines”.
“In the 4 hours chart the technical picture is pretty bullish, which supports a test of the 0.9400 level for the upcoming session, moreover if Australian inflation readings surge above expected”, says Bednarik.