2 Jul 2013
AUD/USD bounces off intraday lows
FXstreet.com (New York) - The AUD/USD foreign exchange rate recently bounced off an intraday low of 0.9136 during US trading, only to rebound back towards the 0.9150 level.
AUD/USD weakens on predictable RBA outcome
In these moments Tuesday, the AUD/USD is entrenched in negative territory at 0.9149, down a notable -0.94%. The initial weakness started in the aftermath of the overnight RBA statement, which held rates steady at 2.75%, to little surprise.
After falling below the 0.9165 support, Mataf.net analysts identify the next short-term measures of correction at 0.9093, then 0.9049. Meanwhile, resistance ahead below at 0.9281, onto 0.9325, and 0.9397.
AUD/USD bullish chances valid over 0.9150
According to the Technical Analyst Team at ICN.com, “The AUD/USD is pushing lower, though remains above the 0.9150 intraday support, holding above this support keeps the bullish chances valid. On the other hand a break and a continuation below 0.9110 may signal the resumption of the overall bearish wave.”
AUD/USD weakens on predictable RBA outcome
In these moments Tuesday, the AUD/USD is entrenched in negative territory at 0.9149, down a notable -0.94%. The initial weakness started in the aftermath of the overnight RBA statement, which held rates steady at 2.75%, to little surprise.
After falling below the 0.9165 support, Mataf.net analysts identify the next short-term measures of correction at 0.9093, then 0.9049. Meanwhile, resistance ahead below at 0.9281, onto 0.9325, and 0.9397.
AUD/USD bullish chances valid over 0.9150
According to the Technical Analyst Team at ICN.com, “The AUD/USD is pushing lower, though remains above the 0.9150 intraday support, holding above this support keeps the bullish chances valid. On the other hand a break and a continuation below 0.9110 may signal the resumption of the overall bearish wave.”