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2 Oct 2013
AUD/USD succumbing; stretches to 0.9361 lows
FXstreet.com (Chicago) - AUD/USD broke the immediate support at 0.9363 momentarily to hit 0.9361 lows and bounce back right above the support.
Weaker than expected data lingers around market participants’ psyches extending September 19th’s downward trendline and sending the pair to session lows to accumulate 0.35% daily losses so far.
AUD/USD Technical Levels
Technically speaking, the pair is offered at 0.9363 and oscillates glued to the immediate support at 0.9363 (September 17th highs) that if violated, will face 0.9316 (September 10th highs) followed by 0.9274 (September 11th lows) and the resistances set at 0.9416 (September 24th highs), 0.9460 (September 22nd highs) ahead of 0.9527 (September 19th highs). Reported as slightly bearish on one-hour timeframe analysis, the pair is offered below the EMA20.
Weaker than expected data lingers around market participants’ psyches extending September 19th’s downward trendline and sending the pair to session lows to accumulate 0.35% daily losses so far.
AUD/USD Technical Levels
Technically speaking, the pair is offered at 0.9363 and oscillates glued to the immediate support at 0.9363 (September 17th highs) that if violated, will face 0.9316 (September 10th highs) followed by 0.9274 (September 11th lows) and the resistances set at 0.9416 (September 24th highs), 0.9460 (September 22nd highs) ahead of 0.9527 (September 19th highs). Reported as slightly bearish on one-hour timeframe analysis, the pair is offered below the EMA20.