10 Dec 2013
AUD/USD back below 0.9100
FXstreet.com (Edinburgh) - The Australian dollar is still suffering the offered tone, dragging the AUD/USD back below the 0.9100 handle.
AUD/USD sold after mixed data
The pair managed to recover from the dip retracement post-US session, climbing to the boundaries of 0.9120 although unable to sustain the bull run, falling below 0.9100 afterwards. In the data front, mixed results from October’s Home Loans and NAB’s Business Conditions/Confidence indices did not help the AUD either. Strategists at UBS remain bearish on the pair, adding, “with the MACD below its zero line, there’s potential for more downside over the coming days to test the support at 0.8893. Resistance is at 0.9168”.
AUD/USD significant levels
At the moment the pair is retreating 0.20% at 0.9088 with the immediate support at 0.9004 (low Dec.5) ahead of 0.9000 (psychological level) and then 0.8999 (low Dec.4). On the upside, a break above 0.9145 (high Dec.9) would aim for 0.9147 (high Dec.3) and then 0.9169 (high Dec.2).
AUD/USD sold after mixed data
The pair managed to recover from the dip retracement post-US session, climbing to the boundaries of 0.9120 although unable to sustain the bull run, falling below 0.9100 afterwards. In the data front, mixed results from October’s Home Loans and NAB’s Business Conditions/Confidence indices did not help the AUD either. Strategists at UBS remain bearish on the pair, adding, “with the MACD below its zero line, there’s potential for more downside over the coming days to test the support at 0.8893. Resistance is at 0.9168”.
AUD/USD significant levels
At the moment the pair is retreating 0.20% at 0.9088 with the immediate support at 0.9004 (low Dec.5) ahead of 0.9000 (psychological level) and then 0.8999 (low Dec.4). On the upside, a break above 0.9145 (high Dec.9) would aim for 0.9147 (high Dec.3) and then 0.9169 (high Dec.2).