18 Jul 2013
AUD/USD resumes decline after short-lived bounce
FXstreet.com (Córdoba) - The AUD/USD managed to pare losses during the European session after dropping over 100 pips to a score a 2-day low sub-0.9150.
AUD/USD remains among the worst performers on Thursday, having given up yesterday's gains. The pair fell to a low of 0.9137 before finding support, although with the subsequent bounce being capped by 0.9190, the pair entered in a consolidation phase ahead of the NY opening.
AUD/USD levels
At time of writing, AUD/USD is trading at the 0.9160 area, where it records a 0.8% loss on the day. As for technical levels, if AUD/USD breaks decisively below 0.9140, next supports could be faced at 0.9120 (Jul 11 low/Jul 15 high) and 0.9100 (psychological level), while on the other hand, resistances are seen at 0.9190/0.9200 (intraday level/psychological level) and 0.9240 (daily high).
AUD/USD remains among the worst performers on Thursday, having given up yesterday's gains. The pair fell to a low of 0.9137 before finding support, although with the subsequent bounce being capped by 0.9190, the pair entered in a consolidation phase ahead of the NY opening.
AUD/USD levels
At time of writing, AUD/USD is trading at the 0.9160 area, where it records a 0.8% loss on the day. As for technical levels, if AUD/USD breaks decisively below 0.9140, next supports could be faced at 0.9120 (Jul 11 low/Jul 15 high) and 0.9100 (psychological level), while on the other hand, resistances are seen at 0.9190/0.9200 (intraday level/psychological level) and 0.9240 (daily high).