Back
13 Aug 2013
AUD/USD dealing with 0.9100 bids as Aus confidence worsens
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last trading at 0.9108, off recent session and weekly lows at 0.9099, following worse than expected NAB confidence data in Australia.
AUD/USD move still short term corrective
“Australian dollar finally halt its recovery against the greenback this Monday, trading early Asia at its lowest for the day, with the hourly chart presenting a bearish tone, as indicators gain bearish momentum into negative territory and 20 SMA capped the upside now around 0.9170,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “In the 4 hours chart however, the movement remains as short term corrective, as indicators stand in positive territory and price above its 20 SMA.”
AUD/USD key technical levels
Bednarik finds support levels at: 0.9130, 0.9100 and 0.9070, while resistance levels: 0.9170, 0.9210 and 0.9260.
AUD/USD move still short term corrective
“Australian dollar finally halt its recovery against the greenback this Monday, trading early Asia at its lowest for the day, with the hourly chart presenting a bearish tone, as indicators gain bearish momentum into negative territory and 20 SMA capped the upside now around 0.9170,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “In the 4 hours chart however, the movement remains as short term corrective, as indicators stand in positive territory and price above its 20 SMA.”
AUD/USD key technical levels
Bednarik finds support levels at: 0.9130, 0.9100 and 0.9070, while resistance levels: 0.9170, 0.9210 and 0.9260.