AUD/USD awaits key Chinese events

FXStreet (Guatemala) - AUD/USD is trading at 0.9265, down -0.03% on the day, having posted a daily high at 0.9271 and low at 0.9258.

AUD/USD remains lacklustre, heavy and unable to penetrate the topside resistance onto the 0.93 handle. Valeria Bednarik, chief analyst at FXStreet explained that the Asian session will bring some minor Australian data along with more interesting Chinese one, these last, with more chances of affecting the pair. “At this point, the short term technical picture is mildly positive, with price above its 20 SMA and indicators above their midlines, although showing no current strength. In the 4 hours chart the picture is not that clear, with indicators losing upward potential above their midlines. The 0.9330 resistance is the key level to watch to the upside, as it will take steady gains above it to shrug off some of current bearishness, at least in the short term”.

AUD/USD support & resistance levels

Support Levels: 0.9260, 0.9220 and 0.9180

Resistance levels: 0.9290, 0.9330 and 0.9370