Back
19 Jun 2013
AUD/USD stalls above 0.9450
FXstreet.com (Barcelona) - AUD/USD is last trading at 0.9452, off recent fresh weekly lows at 0.9434, pushing slightly below yesterday's previous weekly lows at 0.9439. The pair is down -1.23% for the week, mostly on Aussie weakness, as the AUD is the weakest currency among all majors for last 2 trading days.
AUD remains heavy
“Immediate risk is seen of full retracement on return to 0.9324, as negative tone prevails on short-term studies and double-top formation is close to completion,” says analyst at Windsor Brokers and contributor at FXstreet.com Slobodan Drvenica. “Bearish resumption below 0.9324, would open psychological 0.9300 support, also 100% Fibonacci expansion of downleg from 0.9664,” Drevenica suggests.
Key technical levels
Immediate support to the downside for AUD/USD lies at mentioned fresh weekly lows 0.9434, followed by June 07/13 lows at 0.9428, and June 12 lows at 0.9415. To the upside, closest resistance shows at June 10 highs at 0.9481, followed by NY session highs at 0.9517, and Monday's lows at 0.9507.
AUD remains heavy
“Immediate risk is seen of full retracement on return to 0.9324, as negative tone prevails on short-term studies and double-top formation is close to completion,” says analyst at Windsor Brokers and contributor at FXstreet.com Slobodan Drvenica. “Bearish resumption below 0.9324, would open psychological 0.9300 support, also 100% Fibonacci expansion of downleg from 0.9664,” Drevenica suggests.
Key technical levels
Immediate support to the downside for AUD/USD lies at mentioned fresh weekly lows 0.9434, followed by June 07/13 lows at 0.9428, and June 12 lows at 0.9415. To the upside, closest resistance shows at June 10 highs at 0.9481, followed by NY session highs at 0.9517, and Monday's lows at 0.9507.