23 Jun 2014
AUD/USD extends 0.9445 rejection and tests 0.9420
FXStreet (San Francisco) - The Aussie is trading under pressure as the US is slightly rising across the board amid upbeat US manufacturing and housing data.
After rejecting the 0.9445 area, the AUD/USD declined to test the 0.9420 level where is its trading in consolidation pattern.
Currently, AUD/USD is trading at 0.9423, up 0.37% on the day, having posted a daily high at 0.9448 and low at 0.9371. AUD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
AUD/USD sentiment
Initial support lines are up at 0.9368 (low Jun.23) ahead of 0.9323 (50-d MA) and then 0.9322 (low Jun.18). On the upside, a break of 0.9461 (high Apr.10) would target 0.9544 (high Nov.6) and finally 0.9624 (high Oct.25)
After rejecting the 0.9445 area, the AUD/USD declined to test the 0.9420 level where is its trading in consolidation pattern.
Currently, AUD/USD is trading at 0.9423, up 0.37% on the day, having posted a daily high at 0.9448 and low at 0.9371. AUD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
AUD/USD sentiment
Initial support lines are up at 0.9368 (low Jun.23) ahead of 0.9323 (50-d MA) and then 0.9322 (low Jun.18). On the upside, a break of 0.9461 (high Apr.10) would target 0.9544 (high Nov.6) and finally 0.9624 (high Oct.25)