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7 Aug 2014
Disillusioned Aussie dips down to 0.9280/76 support
FXStreet (Moscow) - AUD/USD continues its disgraceful slide; the pair has already lost about 60 pips since a disastrous labour market report, and the bottom is yet to be seen.
Down the drain
AUD/USD smashed below 0.9300 pivot and continued sliding as bearish sentiments caused by dismal labour market data now seem to be intensified by technical factors. The pair absorbed stops located around 0.9290 and dipped to current session low of 0.9279. Minor bids located on approach to 0.9280 and strong bids at 0.9276 helped to keep bears in check for a while, but the downside may resume with new vigor, should the pair dips below the above mentioned support area (0.9280/76).
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9340, with support below at 0.9305, 0.9256 and 0.9221, with resistance above at 0.9389, 0.9424 and 0.9373. Hourly Moving Averages are mixedwith the 200SMA bearish at 0.9341 and the daily 20EMA flat at 0.9363. Hourly RSI is bearish at 30.
Down the drain
AUD/USD smashed below 0.9300 pivot and continued sliding as bearish sentiments caused by dismal labour market data now seem to be intensified by technical factors. The pair absorbed stops located around 0.9290 and dipped to current session low of 0.9279. Minor bids located on approach to 0.9280 and strong bids at 0.9276 helped to keep bears in check for a while, but the downside may resume with new vigor, should the pair dips below the above mentioned support area (0.9280/76).
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9340, with support below at 0.9305, 0.9256 and 0.9221, with resistance above at 0.9389, 0.9424 and 0.9373. Hourly Moving Averages are mixedwith the 200SMA bearish at 0.9341 and the daily 20EMA flat at 0.9363. Hourly RSI is bearish at 30.