1 May 2014
AUD/USD extends decline to 0.9260
FXStreet (San Francisco) - The AUD/USD is extending its decline from 0.9310 and after declining over 50 pips the AUD/USD tested the 0.9260 level to April 28 lows.
Recently, the ISM published its manufacturing PMI with an advance to 54.9 in April; above expectations and highest number since December.
Currently, AUD/USD is trading at 0.9267, down 0.22% on the day, having posted a daily high at 0.9315 and low at 0.9260. AUD/USD spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
AUD/USD levels
Below the 0.9260m the AUD/USD would face supports at 0.9250 and 0.9235. On the upside, resistances are seen at 0.9275, 0.9300 and 0.9315.
Recently, the ISM published its manufacturing PMI with an advance to 54.9 in April; above expectations and highest number since December.
Currently, AUD/USD is trading at 0.9267, down 0.22% on the day, having posted a daily high at 0.9315 and low at 0.9260. AUD/USD spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
AUD/USD levels
Below the 0.9260m the AUD/USD would face supports at 0.9250 and 0.9235. On the upside, resistances are seen at 0.9275, 0.9300 and 0.9315.