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4 Apr 2013
Forex: GBP/USD bounces at 1.0385, back to 1.0440
FXstreet.com (San Francisco) - After finding support at 1.0385, the AUD/USD bounced to break above the 1.0330 level and trade as high as 1.0440. Currently the pair is pricing at 1.0433, still 0.27% negative on the day.
The AUD/USD is slightly bearish according to the FXstreet.com trend index. Indicators such as Momentum, CCI and MACD are bearish while the Stochastic is bullish in the 1-hour chart.
Next support is holding at 1.0385 (MA200d), 1.0365 (March 21st low) and finally the 1.0350 level. On the flip side, a surpass of 1.0440 (MA200h) would open the April 3rd high at 1.0498 and then the 1.0555 (high Jan. 24).
The AUD/USD is slightly bearish according to the FXstreet.com trend index. Indicators such as Momentum, CCI and MACD are bearish while the Stochastic is bullish in the 1-hour chart.
Next support is holding at 1.0385 (MA200d), 1.0365 (March 21st low) and finally the 1.0350 level. On the flip side, a surpass of 1.0440 (MA200h) would open the April 3rd high at 1.0498 and then the 1.0555 (high Jan. 24).