Back
15 Aug 2013
AUD/USD held by 0.9145 limits
FXstreet.com (Chicago) - AUD/USD reversed from 0.9058 intraday lows attempting a comeback from this early morning plunge.
The greenback sell off extended across most markets as the dollar lost trust among market participants. Ahead of the RBA’s economic briefings to be transmitted through Assistant Governor Debelle, market participants push the pair higher.
Trading at 0.9141, the pair oscillates between supports at 0.9121 (August 13th lows), 0.9098 (July 10th lows) ahead of 0.9078 (July 8th lows) and resistances at 0.9144 (July 19th lows), 0.9163 (June 19th lows) followed by 0.9185 (August 14th highs). The FXstreet.com trend index reports the pair as slightly bearish on one-hour timeframe analysis.
The greenback sell off extended across most markets as the dollar lost trust among market participants. Ahead of the RBA’s economic briefings to be transmitted through Assistant Governor Debelle, market participants push the pair higher.
Trading at 0.9141, the pair oscillates between supports at 0.9121 (August 13th lows), 0.9098 (July 10th lows) ahead of 0.9078 (July 8th lows) and resistances at 0.9144 (July 19th lows), 0.9163 (June 19th lows) followed by 0.9185 (August 14th highs). The FXstreet.com trend index reports the pair as slightly bearish on one-hour timeframe analysis.