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26 Feb 2014

Flash: AUD/USD levels to watch

FXStreet (Guatemala) - Ivan Delgdo is the Head of Asian Editor's and explained in an article the main levels to focus on for the AUD/USD.

Key Quotes:

“The main levels to focus on intraday are situated at 0.9030/35 (descending trendline) followed by 0.9045/50, with a break higher paving the way for a retest of 0.9080”.

“On the downside, some stops are accumulating below 0.90/0.8990, which suggests any break lower may cause an initial quick decline, although the sizeable bullish outside day from Monday (more representative of market intentions) communicates interest to buy on dips should be solid as the next projected price trajectory following several downside failures appears to be a retest of 0.9080”.

Feb 26, 2014

AUD/USD tempted for the key 0.90 handle

AUD/USD is drifting from 0.9040 resistance after a period of consolidation between 0.9020 and 0.9040.

USD/JPY remains on 102 post Tokyo open

USD/JPY is holding its own ahead of the 102 psychological handle on a subdued Tokyo open. Previously on the day however, the USD/JPY has been on the offer throughout late Asia yesterday, Europe and the US from 102.60.