AUD/USD testing lows of the day just above 0.9350

FXStreet (Bali) - Following the horrible news of the Malaysian airlines passenger crash, the AUD has been unable to resist the mounting pressure on US stocks, US yields, and sold-off from 0.9380 down to 0.9353, matching the session low seen in Asia.

According to Valeria Bednarik, Chief Analyst at FXStreet: "In the 4 hours chart technical readings stand in neutral territory, giving not much clues on what’s next: a break below 0.9330 strong static support area is required to confirm a bearish continuation, looking then for a test of 0.9250/60 price zone."