19 Jul 2013
AUD/USD supported on broad USD weakness
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last back to initial session highs around the 0.9187 level, bouncing from session lows at 0.9155 on the back of a massive broad reversal in USD, following a huge sell off in the Nikkei index.
AUD/USD boosted on USD broad weakness
According to IFR Markets analyst John Noonan, “The reversal lower in the USD/JPY has given the USD a broadly bid tone,” and currently the USD is falling off a cliff, down to 82.60 session lows in the spot index DXY. “Decent hourly resistance has formed at 0.9185/90 and should cap rally,” adeed Noonan.
AUD/USD key technical levels
Immediate support to the downside for AUD/USD lies at recent daily lows at 0.9140/35, followed by Monday's highs at 0.9123, and Tuesday's lows at 0.9084. To the upside, closest resistance shows at Wednesday's lows 0.9190, followed by yesterday's/Tuesday's highs at 0.9254/62, and Wednesday's weekly highs at 0.9292.
AUD/USD boosted on USD broad weakness
According to IFR Markets analyst John Noonan, “The reversal lower in the USD/JPY has given the USD a broadly bid tone,” and currently the USD is falling off a cliff, down to 82.60 session lows in the spot index DXY. “Decent hourly resistance has formed at 0.9185/90 and should cap rally,” adeed Noonan.
AUD/USD key technical levels
Immediate support to the downside for AUD/USD lies at recent daily lows at 0.9140/35, followed by Monday's highs at 0.9123, and Tuesday's lows at 0.9084. To the upside, closest resistance shows at Wednesday's lows 0.9190, followed by yesterday's/Tuesday's highs at 0.9254/62, and Wednesday's weekly highs at 0.9292.