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5 Jun 2014
AUD/USD rebounds from 0.9260 to 0.9280
FXStreet (Bali) - After an initial dip to 0.9257, AUD/USD has been lifted vigorously following the Chinese HSBC services PMI to recover its 20 pips pre-trade balance levels, now meeting offers at 0.9280.
Technically, Valeria Bednarik, Chief Analyst at FXStreet, notes: "In the 4 hours chart however technical readings maintain the neutral tone seen on previous updates, with the key levels to watch at 0.9200 to the downside, and 0.9345 to the upside. As long as among them, the upcoming direction in the pair will remain undefined."
Technically, Valeria Bednarik, Chief Analyst at FXStreet, notes: "In the 4 hours chart however technical readings maintain the neutral tone seen on previous updates, with the key levels to watch at 0.9200 to the downside, and 0.9345 to the upside. As long as among them, the upcoming direction in the pair will remain undefined."