AUD/USD posts daily low of 0.8747 - FXStreet

FXStreet (Barcelona) - As FXStreet Chief Analyst Valeria Bednarik observes, after posting the daily low of 0.8747 on Friday, AUD/USD has bounced back to the 0.8770/75 region.

Key quotes

"The hourly chart shows price nearing its 20 SMA with indicators mixed below their midlines."

"In the 4 hours chart 20 SMA maintains a bearish slope above current price while momentum heads south below 100, limiting chances of a strong recovery for today."