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23 Feb 2015
AUD/USD overall tone negative – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, gives the technical outlook and the key levels for AUD/USD.
Key Quotes
“The AUD/USD retraced from 0.7848 and holds barely above the 0.7800 level ahead of US opening, maintaining an overall negative tone.”
“The 1 hour chart for the pair shows that the price stands below a bearish 20 SMA whilst the technical indicators stand flat below their midlines, lacking downward strength but far from suggesting further recoveries.”
“In the 4 hours chart the price stands below a flat 20 SMA while indicators hover around their midlines, presenting a quite neutral technical stance at the time being.”
“Support levels: 0.7780 0.7750 0.7720 0.7680”
“Resistance levels: 0.7830 0.7865 0.7900”
Key Quotes
“The AUD/USD retraced from 0.7848 and holds barely above the 0.7800 level ahead of US opening, maintaining an overall negative tone.”
“The 1 hour chart for the pair shows that the price stands below a bearish 20 SMA whilst the technical indicators stand flat below their midlines, lacking downward strength but far from suggesting further recoveries.”
“In the 4 hours chart the price stands below a flat 20 SMA while indicators hover around their midlines, presenting a quite neutral technical stance at the time being.”
“Support levels: 0.7780 0.7750 0.7720 0.7680”
“Resistance levels: 0.7830 0.7865 0.7900”