11 Jul 2013
AUD/USD finds support after sharp fall
FXstreet.com (Córdoba) - The AUD/USD remains under pressure, threatening daily lows as the greenback stages a comeback following yesterday's steep losses.
AUD/USD holds above 0.9120
Ever since being rejected by the 0.9300 area at the beginning of the Asian session, AUD/USD has dropped more than 180 pips and recently bottomed out at 0.9118. At time of writing, AUD/USD is trading at the 0.9135 zone, where it records a 0.4% loss on the day.
In terms of technical levels, immediate supports for AUD/USD are seen at 0.9118 (daily low) and 0.9090 (Jul 10 low), while resistances could be found at 0.9175 (intraday level) and 0.9200 (psychological level).
AUD/USD holds above 0.9120
Ever since being rejected by the 0.9300 area at the beginning of the Asian session, AUD/USD has dropped more than 180 pips and recently bottomed out at 0.9118. At time of writing, AUD/USD is trading at the 0.9135 zone, where it records a 0.4% loss on the day.
In terms of technical levels, immediate supports for AUD/USD are seen at 0.9118 (daily low) and 0.9090 (Jul 10 low), while resistances could be found at 0.9175 (intraday level) and 0.9200 (psychological level).