AUD/USD falls back to daily lows around 0.9000

FXstreet.com (San Francisco) - The Aussie is trading down against the US Dollar following the ECB's Draghi speech and the better than expected US Q3 GDP. Currently the AUD/USD is trading just above 0.9000 after falling around 40 pips.

The AUD/USD is testing the 0.9000 area while trading falling 0.35% on the day. Short term perspective remains slightly bearish according to the FXstreet.com trend index in the 1-hour chart. CCI and Momentum are pointing to the south while the Stochastic and the MACD are neutral.

Below the 0.9000, the AUD/USD would face significant supports at 0.8890 and 0.8850. On the upside, resistances are at 0.9040, 0.9055 and 0.9070.