4 Jul 2013
AUD/USD struggling below 0.91
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is currently trading at session highs 0.9095 ahead of AU building approvals at 01:30 GMT.
AUD/USD maintains negative bias
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, “the AUD/USD maintains the negative bias, both short and long term. The hourly chart shows price being capped by 20 SMA currently around 0.9080, while indicators head back south after correcting oversold readings. In the 4 hours chart technical readings also support the downside, eyeing key psychological 0.9000 price zone.”
AUD/USD key technical levels
Bednarik locates support levels at: 0.9050, 0.9020 and 0.8970, while resistance levels at: 0.9080, 0.9110 and 0.9150.
AUD/USD maintains negative bias
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, “the AUD/USD maintains the negative bias, both short and long term. The hourly chart shows price being capped by 20 SMA currently around 0.9080, while indicators head back south after correcting oversold readings. In the 4 hours chart technical readings also support the downside, eyeing key psychological 0.9000 price zone.”
AUD/USD key technical levels
Bednarik locates support levels at: 0.9050, 0.9020 and 0.8970, while resistance levels at: 0.9080, 0.9110 and 0.9150.