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6 Jun 2013
AUD/USD cracks the big 0.95 figure down
FXstreet.com (Barcelona) - AUD/USD is last breaking below the big 0.95 figure, posting fresh session lows at 0.9487 while writing, the lowest since Oct 2011. The pair is down -0.94% for the week so far, falling from Monday's 2-week highs at 0.9790.
According to FXWW founder Sean Lee, “There was talk overnight of a barrier at .9500,” the analyst said, which has not been able to hold, pointing now for an “overall bear target for this leg of the downmove at .9400,” Sean concludes.
Immediate support to the downside for AUD/USD lies at recent fresh 1.5-year lows 0.9475, followed by Nov 16 2009 highs at 0.9405, and Oct 04 2011 lows at 0.9385. To the upside, closest resistance shows at yesterday's previous weekly lows 0.9511, followed by May 29 lows at 0.9527, and May 31 lows/recent session highs at 0.9547.
According to FXWW founder Sean Lee, “There was talk overnight of a barrier at .9500,” the analyst said, which has not been able to hold, pointing now for an “overall bear target for this leg of the downmove at .9400,” Sean concludes.
Immediate support to the downside for AUD/USD lies at recent fresh 1.5-year lows 0.9475, followed by Nov 16 2009 highs at 0.9405, and Oct 04 2011 lows at 0.9385. To the upside, closest resistance shows at yesterday's previous weekly lows 0.9511, followed by May 29 lows at 0.9527, and May 31 lows/recent session highs at 0.9547.