26 Nov 2013
AUD/USD threatens 2-month lows
FXstreet.com (Córdoba) - The AUD/USD weakened Tuesday and fell to daily lows during the European session after being firmly rejected from the 0.9200 area.
The AUD/USD had reached a daily high of 0.9204 underpinned by RBA's Lowe comments, who said that the threshold for currency intervention was fairly high. The AUD/USD has dropped over 70 pips over the last hours, sliding to a low of 0.9123, just a few pips above yesterday's 2 ½-month trough of 0.9119.
AUD/USD levels to watch
At time of writing, AUD/USD is trading at the 0.9130 zone, recording a 0.3% loss on the day. If the AUD/USD breaks decisively below 0.9120, next supports are seen at 0.9100 (psychological level) and 0.9037 (Sep 4 low). On the other hand, resistances could be found at 0.9204 (daily high) and 0.9248 (Nov 22 high).
The AUD/USD had reached a daily high of 0.9204 underpinned by RBA's Lowe comments, who said that the threshold for currency intervention was fairly high. The AUD/USD has dropped over 70 pips over the last hours, sliding to a low of 0.9123, just a few pips above yesterday's 2 ½-month trough of 0.9119.
AUD/USD levels to watch
At time of writing, AUD/USD is trading at the 0.9130 zone, recording a 0.3% loss on the day. If the AUD/USD breaks decisively below 0.9120, next supports are seen at 0.9100 (psychological level) and 0.9037 (Sep 4 low). On the other hand, resistances could be found at 0.9204 (daily high) and 0.9248 (Nov 22 high).