24 Jun 2014
AUD/USD drops further below 0.9370
FXStreet (Córdoba) - The AUD/USD printed a fresh low after Wall Street closing bell at 0.9365. The pair is having the worst day in a week and remains near the lows.
At the beginning of the American session the pair dropped to 0.9370 and then rebounded but the recovery was capped below 0.9385. Afterwards resumed the downside as the US dollar strengthened across the board and while stocks in Wall Street declined.
During most of the day the AUD/USD moved with a bearish bias, retreating after hitting on Monday 2-month highs at 0.9443. Currently the pair trades at the lowest level since last Wednesday.
At the beginning of the American session the pair dropped to 0.9370 and then rebounded but the recovery was capped below 0.9385. Afterwards resumed the downside as the US dollar strengthened across the board and while stocks in Wall Street declined.
During most of the day the AUD/USD moved with a bearish bias, retreating after hitting on Monday 2-month highs at 0.9443. Currently the pair trades at the lowest level since last Wednesday.