AUD/USD at fresh lows - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik remarks that the AUD has fallen to new lows against the USD on Thursday and is now hovering above the 0.8800 level.

Key quotes

"The technical picture however, suggest it won’t last long, with the 1 hour chart showing price well below a bearish 20 SMA and indicators heading south well into negative territory."

"In the 4 hours chart momentum maintains a strong bearish slope supporting the shorter term view, and with next support now around 0.8770."