5 Feb 2014
AUD/USD backs away from highs
FXStreet (Córdoba) - The AUD/USD failed once again to break above the 0.8940 resistance area and pulled back during the New York session, weighed by a negative opening in Wall Street.
The AUD/USD slipped below the 0.8900 mark to a session low of 0.8895 in recent dealings but found support and it was last at the 0.8910 zone, still 0.1% below its opening price.
AUD/USD technical perspective
Valeria Bednarik, chief analyst at FXStreet notes that the pair is losing the positive tone in short-term charts, yet unless the AUD/USD breaks below 0.8880 selling interest will remain limited, "with a break above 0.8940 favoring an approach to the 0.90 figure for the upcoming sessions".
The AUD/USD slipped below the 0.8900 mark to a session low of 0.8895 in recent dealings but found support and it was last at the 0.8910 zone, still 0.1% below its opening price.
AUD/USD technical perspective
Valeria Bednarik, chief analyst at FXStreet notes that the pair is losing the positive tone in short-term charts, yet unless the AUD/USD breaks below 0.8880 selling interest will remain limited, "with a break above 0.8940 favoring an approach to the 0.90 figure for the upcoming sessions".