22 Jul 2015
AUD/USD finds support at 0.7360; pair remains in range
FXStreet (Cocoa) - After falling around 60 pips from 0.7420, the AUD/USD found support at 0.7360 where the pair experienced some buying interest that holded the pair above the S1 level of 0.7355.
Earlier today, the AUD/USD failed to hold levels above 0.7400 and after facing mild pressure amid USD strength, the pair went down to daily lows. Currently, AUD/USD is trading at 0.7376, down 0.59% on the day, having posted a daily high at 0.7440 and low at 0.7360.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
AUD/USD levels
If the AUD/USD manages to extend bounce from 0.7360, it will find next resistances at 0.7400, 0.7430 and 0.7450. To the downside, supports are at the mentioned 0.7360, then 0.7340 and 0.7320.
Earlier today, the AUD/USD failed to hold levels above 0.7400 and after facing mild pressure amid USD strength, the pair went down to daily lows. Currently, AUD/USD is trading at 0.7376, down 0.59% on the day, having posted a daily high at 0.7440 and low at 0.7360.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
AUD/USD levels
If the AUD/USD manages to extend bounce from 0.7360, it will find next resistances at 0.7400, 0.7430 and 0.7450. To the downside, supports are at the mentioned 0.7360, then 0.7340 and 0.7320.