Back
17 Dec 2013
AUD/USD falls below 0.8900
FXstreet.com (Córdoba) - The AUD/USD extended losses below 0.8900 Tuesday and it a fresh 3 ½-month low as the greenback gathered pace across the board as markets await the FOMC decision.
AUD/USD remains under pressure
The Australian dollar continues to suffer in the wake of RBA jawboning, having broken below the 0.8900 mark to hit its lowest since late August at 0.8897 in recent dealings. At time of writing, the AUD/USD is trading at the 0.8900 region, recording a 0.5% loss on the day with immediate supports at 0.8991 (Aug 30 low) and 0.8847, which is the 2013 bottom scored Aug 5.
AUD/USD technical perspective
From a technical view, Valeria Bednarik, chief analyst at FXstreet.com noted that a break below 0.8890 is required "to confirm a stronger downward movement eyeing then the 0.8810 price zone".
AUD/USD remains under pressure
The Australian dollar continues to suffer in the wake of RBA jawboning, having broken below the 0.8900 mark to hit its lowest since late August at 0.8897 in recent dealings. At time of writing, the AUD/USD is trading at the 0.8900 region, recording a 0.5% loss on the day with immediate supports at 0.8991 (Aug 30 low) and 0.8847, which is the 2013 bottom scored Aug 5.
AUD/USD technical perspective
From a technical view, Valeria Bednarik, chief analyst at FXstreet.com noted that a break below 0.8890 is required "to confirm a stronger downward movement eyeing then the 0.8810 price zone".