AUD/USD extends decline below 0.9220

FXStreet (San Francisco) - The Aussie is extending its decline from 0.9270 priced overnight to break below the 0.9220 area and to reach intra-week lows around 0.9215.

Currently, AUD/USD is trading at 0.9223, down 0.40% on the day, having posted a daily high at 0.9273 and low at 0.9219. AUD/USD spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.

AUD/USD levels

According to Gerry Davies from FXBeat, there are a "talk of buy orders at 0.9200/10 ahead of the very well-documented 0.9200 barrier." Sell stops would be found through 0.9190.

May 28, 2014

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