17 Jul 2014
AUD/USD falls to test daily lows
FXStreet (Córdoba) - The AUD/USD weakened during the second half of trading in Wall Street amid risk aversion and fell from 0.9380 to test daily lows. Earlier the pair peaked at 0.9390, hitting a 2-day low but then lost momentum.
Recently fell 0.9353, just two pips above Asian session lows. Currently trades at 0.9356, down 0.12% for the day, headed toward the third daily decline in a row.
AUD/USD technical outlook
“In the 4 hours chart technical readings stand in neutral territory, giving not much clues on what’s next”, says Valeria Bednarik, Chief Analyst at FXstreet. According to her a break below 0.9330, that is a strong static support area, “is required to confirm a bearish continuation, looking then for a test of 0.9250/60 price zone”.
Recently fell 0.9353, just two pips above Asian session lows. Currently trades at 0.9356, down 0.12% for the day, headed toward the third daily decline in a row.
AUD/USD technical outlook
“In the 4 hours chart technical readings stand in neutral territory, giving not much clues on what’s next”, says Valeria Bednarik, Chief Analyst at FXstreet. According to her a break below 0.9330, that is a strong static support area, “is required to confirm a bearish continuation, looking then for a test of 0.9250/60 price zone”.