12 Jul 2013
AUD/USD below 0.9200 again
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last quoted at 0.9185, off recent NY session lows at 0.9119, printed on the back of USD strength and worse than expected US jobless claims.
AUD/USD maintains the negative tone
According to Valeria Bednarik, Chief Analyst at Fxstreet.com the Aussie maintains “a negative tone in the hourly chart, as 20 SMA heads south well above current price and indicators stand in negative territory. In the 4 hours chart technical indicators are crossing their midlines to the downside, will price stands right below its 20 SMA: only a steady recovery above 0.9230, will deny the possibility of a downward continuation, with the pair then trying to recover up to 0.9300.”
AUD/USD key technical levels
Bednarik finds support levels at: 0.9170, 0.9130, and 0.9085, while resistance levels at: 0.9230, 0.9270 and 0.9300.
AUD/USD maintains the negative tone
According to Valeria Bednarik, Chief Analyst at Fxstreet.com the Aussie maintains “a negative tone in the hourly chart, as 20 SMA heads south well above current price and indicators stand in negative territory. In the 4 hours chart technical indicators are crossing their midlines to the downside, will price stands right below its 20 SMA: only a steady recovery above 0.9230, will deny the possibility of a downward continuation, with the pair then trying to recover up to 0.9300.”
AUD/USD key technical levels
Bednarik finds support levels at: 0.9170, 0.9130, and 0.9085, while resistance levels at: 0.9230, 0.9270 and 0.9300.