Back
26 Jun 2013
AUD/USD operating at session lows
FXstreet.com (New York) - The AUD/USD has inched lower during Asian trading, unable to garner any momentum, subsequently establishing fresh lows.
AUD/USD stabilized above first support
Presently, the AUD/USD is relegated to negative territory at 0.9245, down a modest -0.16% Wednesday after an initial relapse during Asian trading. Technically speaking, supportive means for the AUD/USD will be encountered at 0.9250, ahead of the 0.9200 barrier, and 0.9160. On the ascension, resistances will trigger at 0.9280, onto 0.9320, notes Valeria Bednarik, an analyst at FXstreet.
AUD/USD capped at 0.9300 barrier
According Bednarik, “The AUD/USD was capped by the 0.9300 barrier, leaving not much direction in the short-term – indeed, the hourly chart shows technical readings flat in neutral territory. In the 4-hours chart there’s a slightly positive tone present, however still not enough to confirm further recoveries: above 0.9300 the run may extend up to 0.9380.”
AUD/USD stabilized above first support
Presently, the AUD/USD is relegated to negative territory at 0.9245, down a modest -0.16% Wednesday after an initial relapse during Asian trading. Technically speaking, supportive means for the AUD/USD will be encountered at 0.9250, ahead of the 0.9200 barrier, and 0.9160. On the ascension, resistances will trigger at 0.9280, onto 0.9320, notes Valeria Bednarik, an analyst at FXstreet.
AUD/USD capped at 0.9300 barrier
According Bednarik, “The AUD/USD was capped by the 0.9300 barrier, leaving not much direction in the short-term – indeed, the hourly chart shows technical readings flat in neutral territory. In the 4-hours chart there’s a slightly positive tone present, however still not enough to confirm further recoveries: above 0.9300 the run may extend up to 0.9380.”