AUD/USD capped at 0.9377; wiping out gains

FXstreet.com (Chicago) - AUD/USD remains capped below the 0.9370 zone despite spike to 0.9377 highs earlier. The pair wipes out earlier gains on steep fall.

AUD/USD Technical Levels

Technically speaking, the pair is offered at 0.9360 and navigates between supports aligned at 0.9356 (September 11th lows), 0.9317 (September 9 highs) followed by 0.9280 (September 16 lows) and the resistances set at 0.9391 (September 15 highs), 0.9431 (September 19 lows) followed by 0.9456 (September 23 highs). So far, weekly losses are 0.33% and the FXstreet.com trend index reports the pair as slightly bearish on one-hour timeframe below the EMA20.