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AUDUSD : Slowly Heading Towards Resistance at .9393

AUDUSD got strengthened a little today after the release of positive Australian Business Confidence data. According to the data the National Australia Bank reported that the business confidence index rose to 6 in April from the previous reading of 4. However the investors remained concerned about the Ukraine crisis as pro-russian separatists won in a weekend referendum on self-rule in eastern Ukraine. Ukraine government and the West condemned on Vote.

 On the 4 hour chart the pair is giving bullish signal as the 50 day SMA crossed above the 100 and 200 day SMA.