27 Nov 2013
AUD/USD pressured; glued to 0.91
FXstreet.com (Chicago) - AUD/USD struggles to maintain the 0.91 front as it continues falling and extending losses for the month that surpass 450 pips so far.
AUD/USD Technical Levels
Price action reveals the pair is tamed around 2-month lows below the 0.9120 front despite attempts to recover losses. This month has been pretty negative for a pair that losses over 490 pips so far. Offered at 0.9110, the pair oscillates between the supports aligned at 0.9077 (August 27th highs), 0.9060 (September 3rd highs) ahead of 0.90 (August 23rd highs) and the resistances set at 0.9122 (November 24th lows), 0.9162 (November 21st lows) and 0.9191 (November 24th highs).
AUD/USD Technical Levels
Price action reveals the pair is tamed around 2-month lows below the 0.9120 front despite attempts to recover losses. This month has been pretty negative for a pair that losses over 490 pips so far. Offered at 0.9110, the pair oscillates between the supports aligned at 0.9077 (August 27th highs), 0.9060 (September 3rd highs) ahead of 0.90 (August 23rd highs) and the resistances set at 0.9122 (November 24th lows), 0.9162 (November 21st lows) and 0.9191 (November 24th highs).