8 Jul 2013
AUD/USD rises to intra-day highs
FXstreet.com (San Francisco) - The Aussie is currently trading higher against the US dollar following a short consolidation period between 0.9135 and 0.9110. Currently the AUD/USD is pricing at 0.9141, fresh intra-day high.
With the AUD/USD trading around 1% positive on the day, the short term perspective remains slightly bullish in the 15-minute chart. Indicators such as CCI and Momentum are pointing to the north while the Stochastic is bearish and the MACD is neutral.
AUD/USD consolidating its losses
Karen Jones, Commerzbank’s analyst, states that the AUD/USD's "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.”
With the AUD/USD trading around 1% positive on the day, the short term perspective remains slightly bullish in the 15-minute chart. Indicators such as CCI and Momentum are pointing to the north while the Stochastic is bearish and the MACD is neutral.
AUD/USD consolidating its losses
Karen Jones, Commerzbank’s analyst, states that the AUD/USD's "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.”