Back
14 Aug 2013
AUD/USD unable to overcome the 0.91 handle despite better Aus sentiment data
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last trading at 0.9088 bids, unable to get over the 0.91 handle again, near session lows, despite better consumer sentiment data in Australia just released at +3.5%.
AUD/USD negative tone persists
“AUD/USD ended lower for second day in a row, with the pair developing inside a short term descendant channel clear in the hourly chart,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “Having been as low as 0.9072, the hourly chart shows price still below its 20 SMA, that converges with the roof of the channel around 0.9120, while indicators still stand in negative territory.”
AUD/USD key technical levels
Bednarik finds support levels at: 0.9070, 0.9030 and 0.9890, while resistance levels: 0.9120 ,0.9170 and 0.9210.
AUD/USD negative tone persists
“AUD/USD ended lower for second day in a row, with the pair developing inside a short term descendant channel clear in the hourly chart,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “Having been as low as 0.9072, the hourly chart shows price still below its 20 SMA, that converges with the roof of the channel around 0.9120, while indicators still stand in negative territory.”
AUD/USD key technical levels
Bednarik finds support levels at: 0.9070, 0.9030 and 0.9890, while resistance levels: 0.9120 ,0.9170 and 0.9210.