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19 Aug 2013
AUD/USD extend losses, nears 0.9100
FXstreet.com (Córdoba) - The AUD/USD took another step lower during the American session and printed fresh daily lows, weighed by the negative turnaround in stocks.
AUD/USD contained by 200-hour SMA
AUD/USD extended losses and hit a fresh daily low of 0.9126 before the 200-hour SMA offered support. At time of writing, AUD/USD is trading at the 0.9130 zone, where it records a 0.6% loss, having been as high as 0.9232 at one stage.
AUD/USD short-term bearish
“The picture is quite bearish in the short term, with price again pulling back strongly from the 0.9200 area”, Valeria Bednarik, chief analyst at FXstreet.com recently commented. “The hourly chart shows indicators in negative territory, and price well below a bearish 20 SMA, while in the 4 hours chart technical readings are giving shy selling signs”.
Bednarik locates immediate supports at 0.9110, 0.9070 and 0.9030, while she locates resistances at 0.9180, 0.9220 and 0.9260.
AUD/USD contained by 200-hour SMA
AUD/USD extended losses and hit a fresh daily low of 0.9126 before the 200-hour SMA offered support. At time of writing, AUD/USD is trading at the 0.9130 zone, where it records a 0.6% loss, having been as high as 0.9232 at one stage.
AUD/USD short-term bearish
“The picture is quite bearish in the short term, with price again pulling back strongly from the 0.9200 area”, Valeria Bednarik, chief analyst at FXstreet.com recently commented. “The hourly chart shows indicators in negative territory, and price well below a bearish 20 SMA, while in the 4 hours chart technical readings are giving shy selling signs”.
Bednarik locates immediate supports at 0.9110, 0.9070 and 0.9030, while she locates resistances at 0.9180, 0.9220 and 0.9260.