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30 Jun 2014
AUD/USD extends decline to 0.9385
FXStreet (San Francisco) - The Aussie was unable to hold the 0.9400 level and now it is trading under pressure against the US dollar as the AUD/USD is performing a 45-pip decline from 0.9430 to trade at daily lows around 0.9385.
Currently, AUD/USD is trading at 0.9392, down 0.34% on the day, having posted a daily high at 0.9434 and low at 0.9388. AUD/USD spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
AUD/USD sentiment
"Aussie has struggled above 0.9400 once more. We opened at 0.9425, will EUR/AUD buying knocking Aussie back to 0.9390 where option and exporter names were found on the bid," comments Matt Bacon-Hall from FXbeat. "Tomorrow's RBA (no change expected) should provide near term direction. Range 0.9430-0.9390."
Below the 0.9390, next supports are at 0.9370 and 0.9350. On the upside, resistances are at 0.9425 and 0.9440.
Currently, AUD/USD is trading at 0.9392, down 0.34% on the day, having posted a daily high at 0.9434 and low at 0.9388. AUD/USD spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
AUD/USD sentiment
"Aussie has struggled above 0.9400 once more. We opened at 0.9425, will EUR/AUD buying knocking Aussie back to 0.9390 where option and exporter names were found on the bid," comments Matt Bacon-Hall from FXbeat. "Tomorrow's RBA (no change expected) should provide near term direction. Range 0.9430-0.9390."
Below the 0.9390, next supports are at 0.9370 and 0.9350. On the upside, resistances are at 0.9425 and 0.9440.