Australian dollar eases further early US session - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik notes that the Australian dollar has eased further early in the US session, with the pair quickly approaching 0.9370 support and presenting a strong bearish tone in the hourly chart.

Key quotes

"Indicators present a strong bearish slope below their midlines while price accelerates below its 20 SMA."

"In the 4 hours chart the technical picture is also bearish, confirming the shorter term view: a break below mentioned support should anticipate a continued slide towards this month lows around 0.9320/30."