8 Jul 2013
AUD/USD capped by resistance
FXstreet.com (New York) - The AUD/USD foreign exchange rate sailed higher Monday, touching its session highs at 0.9140 (resistance) during US trading recently.
AUD/USD slightly below session highs
At the time of writing, the AUD/USD is now trading at 0.9132, slightly below its session highs but still up a robust +0.87% above its opening. The Mataf.net analyst team looks to resistances at 0.9140 (session high), followed by 0.9229, and 0.9278.
AUD/USD consolidating its losses
According to Karen Jones, an analyst at Commerzbank, “The AUD/USD was previously holding sideways, consolidating its losses, however risks remain on the downside. The market has been contained lower in an accelerated downtrend and today this offers resistance at 0.9301. The market will remain directly offered below 0.9388/0.9404, the 2011 low and highs from 2009 and 2010.”
AUD/USD slightly below session highs
At the time of writing, the AUD/USD is now trading at 0.9132, slightly below its session highs but still up a robust +0.87% above its opening. The Mataf.net analyst team looks to resistances at 0.9140 (session high), followed by 0.9229, and 0.9278.
AUD/USD consolidating its losses
According to Karen Jones, an analyst at Commerzbank, “The AUD/USD was previously holding sideways, consolidating its losses, however risks remain on the downside. The market has been contained lower in an accelerated downtrend and today this offers resistance at 0.9301. The market will remain directly offered below 0.9388/0.9404, the 2011 low and highs from 2009 and 2010.”