21 Aug 2013
AUD/USD resumes the downside
FXstreet.com (Córdoba) - The AUD/USD resumed the downside after the latest recovery attempt was capped by the 21-hour SMA at the 0.9150 area.
AUD/USD recovery falters at 0.9050
The AUD/USD has extended losses into a third day and remains under pressure weighed by the cautious mood ahead of the FOMC minutes release. At time of writing, AUD/USD is trading at the 0.9010 zone, where it records a 0.7% loss on the day, having scored a 2-week low of 0.8999.
AUD/USD technical levels
If AUD/USD breaks decisively below the 0.9000 level, next supports are seen at 0.8970 (Aug 8 low) and 0.8945 (Aug 5 high). On the flip side, resistances are seen at 0.9050 (intraday level) and 0.9100 (psychological level/Aug 20 high).
AUD/USD recovery falters at 0.9050
The AUD/USD has extended losses into a third day and remains under pressure weighed by the cautious mood ahead of the FOMC minutes release. At time of writing, AUD/USD is trading at the 0.9010 zone, where it records a 0.7% loss on the day, having scored a 2-week low of 0.8999.
AUD/USD technical levels
If AUD/USD breaks decisively below the 0.9000 level, next supports are seen at 0.8970 (Aug 8 low) and 0.8945 (Aug 5 high). On the flip side, resistances are seen at 0.9050 (intraday level) and 0.9100 (psychological level/Aug 20 high).