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15 Aug 2013
AUD/USD at a crossroads above the 0.91 handle
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last trading at 0.9123 bids, off early NY session highs at 0.9162, once the pair has settled a short term base around the weekly lows 0.9080 and current ascending trendline from early August multi-year lows.
AUD/USD maintains a short term positive tone
“The AUD/USD is in recovery mode after bouncing from 0.9070 support, and maintains a short term positive tone, as the hourly chart shows indicators heading north in positive territory and price above its 20 SMA,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “Still reluctant to advance, the 4 hours chart shows 20 SMA capping the upside around 0.9150 and indicators in neutral territory giving not much clues on further moves.”
AUD/USD key technical levels
Bednarik finds support levels at: 0.9070, 0.9030 and 0.9890, while resistance levels: 0.9150, 0.9210 and 0.9260.
AUD/USD maintains a short term positive tone
“The AUD/USD is in recovery mode after bouncing from 0.9070 support, and maintains a short term positive tone, as the hourly chart shows indicators heading north in positive territory and price above its 20 SMA,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “Still reluctant to advance, the 4 hours chart shows 20 SMA capping the upside around 0.9150 and indicators in neutral territory giving not much clues on further moves.”
AUD/USD key technical levels
Bednarik finds support levels at: 0.9070, 0.9030 and 0.9890, while resistance levels: 0.9150, 0.9210 and 0.9260.