24 Jul 2014
AUD/USD finds support at 0.9410
FXStreet (San Francisco) - Following a 40-pip drop from 0.9450 priced in the European session, the AUD/USD finally found support at 0.9410 where the pair bounced back to 0.9425. However, the pair is again trading down and it is now at 0.9415.
Currently, AUD/USD is trading at 0.9413, down 0.42% on the day, having posted a daily high at 0.9477 and low at 0.9411. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
AUD/USD sentiment
According to Valeria Bednarik from FXStreet, "In the 4 hours chart indicators eased from oversold levels but hold above their midlines while 20 SMA maintains a strong bullish slope a few pips below current price."
If the pair breaks below the 0.9420, next supports are at 0.9400 and 0.9380. On the upside, resistances are at 0.9440, 0.9450 and 0.9470.
Currently, AUD/USD is trading at 0.9413, down 0.42% on the day, having posted a daily high at 0.9477 and low at 0.9411. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
AUD/USD sentiment
According to Valeria Bednarik from FXStreet, "In the 4 hours chart indicators eased from oversold levels but hold above their midlines while 20 SMA maintains a strong bullish slope a few pips below current price."
If the pair breaks below the 0.9420, next supports are at 0.9400 and 0.9380. On the upside, resistances are at 0.9440, 0.9450 and 0.9470.