30 Jul 2013
AUD/USD slumps below 0.9200
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last trading around fresh session lows at 0.9179, off recent session highs at 0.9214, extending the retraced started yesterday around weekly highs at 0.9287, on the back of continued Aussie weakness.
AUD/USD bearish tone clear
“Australian dollar finally gave up, and fell down to 0.9186 against the greenback, entering Asian session with a clear bearish tone: the hourly chart shows 20 SMA heading south above current price as indicators correct from oversold levels, still in deep red,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “In the 4 hours chart current candle stands below a flat 20 SMA as indicators turn also lower near their midlines: as long as below0.9225,the downside is favored towards 0.9100 today.”
AUD/USD key technical levels
Bednarik finds support levels at: 0.9180, 0.9135 and 0.9100 , while resistance levels: 0.9225, 0.9270 and 0.9310.
AUD/USD bearish tone clear
“Australian dollar finally gave up, and fell down to 0.9186 against the greenback, entering Asian session with a clear bearish tone: the hourly chart shows 20 SMA heading south above current price as indicators correct from oversold levels, still in deep red,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “In the 4 hours chart current candle stands below a flat 20 SMA as indicators turn also lower near their midlines: as long as below0.9225,the downside is favored towards 0.9100 today.”
AUD/USD key technical levels
Bednarik finds support levels at: 0.9180, 0.9135 and 0.9100 , while resistance levels: 0.9225, 0.9270 and 0.9310.