7 Aug 2013
AUD/USD selling off as risk aversion settles
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last trading at fresh session lows 0.8958, off recent session highs at 0.9001, selling off on the back of broad USD strenght and equities weakness.
AUD/USD showing bearish divergences
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, the AUD/USD hourly chart shows indicators heading lower “presenting some short term bearish divergences,” Bednarik said, adding: “In the 4 hours chart technical readings hold a bullish tone, supporting a continuation of the upward corrective movement, with 0.9070 as next level to watch.”
AUD/USD key technical levels
Bednarik finds support levels at: 0.8950, 0.8910 and 0.8870, while resistance levels at: 0.9000, 0.9035 and 0.9070 .
AUD/USD showing bearish divergences
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, the AUD/USD hourly chart shows indicators heading lower “presenting some short term bearish divergences,” Bednarik said, adding: “In the 4 hours chart technical readings hold a bullish tone, supporting a continuation of the upward corrective movement, with 0.9070 as next level to watch.”
AUD/USD key technical levels
Bednarik finds support levels at: 0.8950, 0.8910 and 0.8870, while resistance levels at: 0.9000, 0.9035 and 0.9070 .