26 Nov 2013
AUD/USD vulnerable near 12-week low
FXstreet.com (Córdoba) - The AUD/USD managed to bounce back above 0.9100 after dipping briefly below that level to hit a 12-week low during the American session.
AUD/USD bounces from below 0.9100
After falling over 100 pips through the day, the AUD/USD bottomed out at 0.9087 and staged a minor bounce that has been capped by the 0.9130 zone. At time of writing, AUD/USD is trading at the 0.9105 area, recording a 0.6% loss on the day. The AUD/USD is recording its fifth daily loss in a row and on track to post its sixth consecutive weekly fall.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find immediate supports at 0.9087 (daily low) and 0.9037 (Sep 4 low). On the other hand, resistances could be faced at 0.9204 (daily high) and 0.9248 (Nov 22 high).
AUD/USD bounces from below 0.9100
After falling over 100 pips through the day, the AUD/USD bottomed out at 0.9087 and staged a minor bounce that has been capped by the 0.9130 zone. At time of writing, AUD/USD is trading at the 0.9105 area, recording a 0.6% loss on the day. The AUD/USD is recording its fifth daily loss in a row and on track to post its sixth consecutive weekly fall.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find immediate supports at 0.9087 (daily low) and 0.9037 (Sep 4 low). On the other hand, resistances could be faced at 0.9204 (daily high) and 0.9248 (Nov 22 high).