Selasa, 03 Desember 2013

Australian Dollar Today

Australian dollar to survive in a narrow range since the opening of the U.S. session, trading above the 0.9100 level, and with a limited bullish tone in the chart by one hour, with rates above 20 SMA and indicators facing higher in the positive territory. But in the 4 hours chart, price hovering around 20 SMA while indicators of potential loss of up and turned south around their midlines, giving little room for another hike. Most in consolidative mode, the down side is still in demand towards the 0.9050 area / 60, while a break below it will lead to testing 0.8980 price zone.

Support levels: 0.9100 0.9060 0.9020

Resistance levels: 0.9150 0.9200 0.9245

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