28 Jun 2013
AUD/USD falls below 0.9200
FXstreet.com (Córdoba) - The AUD/USD extended its decline at the beginning of the New York session, dipping below the 0.9200 level for first time in 4 days.
The Australian dollar remains among the worst performers on Friday weighed by gold losses and most recently by the negative opening in Wall Street. AUD/USD dropped to a low of 0.9185 in recent dealings and it was last down 0.8% on the day around 0.9190.
AUD/USD keeps the bearish tone
Aussie maintains the strong bearish momentum seen all over the week, says Valeria Bednarik, chief analyst at FXstreet.com. "In the 4 hours chart technical readings also favor a retest of 0.9150 lows, as indicators head lower below their midlines", the analyst says.
Bednarik locates immediate support levels for AUD/USD at 0.9150 and 0.9110, while she places resistances at 0.9230, 0.9270 and 0.9310.
The Australian dollar remains among the worst performers on Friday weighed by gold losses and most recently by the negative opening in Wall Street. AUD/USD dropped to a low of 0.9185 in recent dealings and it was last down 0.8% on the day around 0.9190.
AUD/USD keeps the bearish tone
Aussie maintains the strong bearish momentum seen all over the week, says Valeria Bednarik, chief analyst at FXstreet.com. "In the 4 hours chart technical readings also favor a retest of 0.9150 lows, as indicators head lower below their midlines", the analyst says.
Bednarik locates immediate support levels for AUD/USD at 0.9150 and 0.9110, while she places resistances at 0.9230, 0.9270 and 0.9310.