19 Jul 2013
AUD/USD dips back below 0.9200
FXstreet.com (Córdoba) - After rallying to daily high of 0.9233 in the wake of PBoC liberalizing measures, AUD/USD lost momentum and trim some of its gains.
Despite gold's surge, AUD/USD failed to sustain gains and pulled back below the 0.9200 mark during the American session weighed by stocks fall. At time of writing, AUD/USD is trading around 0.9190, where it is still up 0.3% on the day.
AUD/USD technical levels
As for technical levels, immediate resistance levels for AUD/USD are seen at the 0.9235/40 (Jul 19 &18 highs) followed by 0.9290 (Jul 17 high), while supports could be found at 0.9155 (daily low) and 0.9135 (Jul 18 low).
Despite gold's surge, AUD/USD failed to sustain gains and pulled back below the 0.9200 mark during the American session weighed by stocks fall. At time of writing, AUD/USD is trading around 0.9190, where it is still up 0.3% on the day.
AUD/USD technical levels
As for technical levels, immediate resistance levels for AUD/USD are seen at the 0.9235/40 (Jul 19 &18 highs) followed by 0.9290 (Jul 17 high), while supports could be found at 0.9155 (daily low) and 0.9135 (Jul 18 low).