23 Aug 2013
AUD/USD unable to get over the 0.9045 resistance
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last trading at 0.9025, off recent session highs around the 0.9040 area, visited twice already during the last Asian trade of the week, but still unable to overcome it.
AUD/USD bearish trend still healthy
“Australian dollar took a breather this Thursday with AUD/USD rising up to 0.9042,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “Despite closing the day positively, the daily chart shows a lower high and a lower low, suggesting the bearish trend is still healthy and in place.” Bednarik notes: “The hourly chart shows indicators heading strongly south and price struggling around 20 SMA, suggesting further slides are more than likely, confirmed on a slide below 0.8990 immediate support.”
AUD/USD key technical levels
Bednarik finds support levels at: 0.8990, 0.8955 and 0.8920, while resistance levels at: 0.9050, 0.9080 and 0.9120.
AUD/USD bearish trend still healthy
“Australian dollar took a breather this Thursday with AUD/USD rising up to 0.9042,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “Despite closing the day positively, the daily chart shows a lower high and a lower low, suggesting the bearish trend is still healthy and in place.” Bednarik notes: “The hourly chart shows indicators heading strongly south and price struggling around 20 SMA, suggesting further slides are more than likely, confirmed on a slide below 0.8990 immediate support.”
AUD/USD key technical levels
Bednarik finds support levels at: 0.8990, 0.8955 and 0.8920, while resistance levels at: 0.9050, 0.9080 and 0.9120.