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2 Aug 2013
AUD/USD stabilizes below yesterday's lows
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last trading at 0.8930, off early NY session fresh 35-week lows at 0.8904, capped below ask line at 0.8943, down -3.6% for the week so far.
AUD/USD maintains bearish short term trend
The AUD/USD not only was unable to recover the 0.9000 mark, but tested 0.8905, maintaining the bearish trend in the short term,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding “The hourly hart shows indicators heading south below their midlines, and 20 SMA above current price offering dynamic resistance. In the 4 hours chart indicators head also lower in oversold territory, which reflects the strong selling interest around the pair. A weekly close below 0.8900, should set the path for further declines eyeing then 0.86 area.”
AUD/USD key technical levels
Bednarik finds support levels at: 0.8900, 0.8870 and 0.8835, while resistance levels: 0.8960, 0.9010 and 0.9030.
AUD/USD maintains bearish short term trend
The AUD/USD not only was unable to recover the 0.9000 mark, but tested 0.8905, maintaining the bearish trend in the short term,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding “The hourly hart shows indicators heading south below their midlines, and 20 SMA above current price offering dynamic resistance. In the 4 hours chart indicators head also lower in oversold territory, which reflects the strong selling interest around the pair. A weekly close below 0.8900, should set the path for further declines eyeing then 0.86 area.”
AUD/USD key technical levels
Bednarik finds support levels at: 0.8900, 0.8870 and 0.8835, while resistance levels: 0.8960, 0.9010 and 0.9030.